Big drop in gold price
There was a fall in the price of gold last week as well and on the first day of the week, gold fell again. At present, gold is selling at the cheapest price in seven months. The price of gold has reached Rs 49328 per 10 grams on Monday. While the price of silver has reached Rs 56350 per kg. A rise in the dollar index and a rise in bond yields is putting pressure on the price of gold.
Gold price at its lowest level in 7 months
The price of gold has reached a 7-month low. The price of gold has been declining for the last several months and gold has now reached a seven-month low. On Monday, there was a big fall in the price of gold and the price of gold reached a seven-month low. If we look at the price of gold globally, then the price of gold slipped by 2.36 percent and has reached $ 1666 per ounce. The price of gold on MCX reached Rs 49380 per 10 grams.
Gold price from 24 carat to 18 carat
If we look at the price of gold and silver released by the India Bullion and Jewelers Association, the price of 24-carat gold has reached Rs 49328 per 10 grams. The price of 23 carat gold reached Rs 49131 per 10 grams. At the same time, the price of 22 carat gold reached Rs 45184 per 10 grams. While the price of 18 carat gold reached Rs 36996 per 10 grams.
7000 cheap gold
If you compare the price of gold with its highest price, then gold is selling at Rs 6926 cheaper than its all-time high price. The price of gold had reached an all-time high of Rs 56264 per 10 grams in August 2020. Compared to this price, the price of gold has now become cheaper by about 7 thousand. At the same time, the price of silver has fallen from the highest price of Rs 76008 per kg to Rs 19658.