New Delhi, 22 March. On Wednesday, the first day of Navratri, there was a downward trend in the domestic bullion market. Today, a decline was recorded in the prices of both the shiny metals, due to which gold once again fell below the level of Rs 59,000 per 10 grams. Today, the price of gold registered a decline of more than Rs 500 per 10 grams.
Prior to this, the last closing price of gold on the previous trading day i.e. Tuesday was Rs 59,188 per 10 grams. In today’s trade, the shiny metal declined by Rs 574. Gold in different categories today showed weakness ranging from Rs.574 per 10 grams to Rs.336 per 10 grams. On the other hand, silver also slipped to Rs 249 per kg in today’s trade.
According to the information provided by the Indian Bullion and Jewelers Association (IBJA), the average gold price of 24 carat (999) gold in the domestic bullion market fell by Rs 574 to Rs 58,614 per 10 grams (provisional) today. happened. Similarly, the price of 23 carat (995) gold also declined by Rs 572 to Rs 58,379 per 10 grams (provisional), while the price of jewelery i.e. 22 carat (916) gold registered a decline of Rs 474 per 10 grams today. Went. With this, 22 carat gold reached a level of Rs 53,690 per 10 grams (provisional). Apart from this, the gold price of 18 carat (750) declined by Rs 430 per 10 grams to reach the level of Rs 43,961 per 10 grams (provisional) today. While 14 carat (585) gold today became cheaper by Rs 336 to reach the level of Rs 34,289 per 10 grams (provisional).
Like gold, today the trend of weakness was seen in the price of silver as well. In today’s trade, the price of silver (999) declined by Rs 249 per kg. Due to today’s softening, the price of the shiny metal slipped to Rs.68,250 per kg (provisional) from the last closing price of Rs.68,499 per kg on the previous trading day i.e. Tuesday.
It is believed that due to the upheaval of the global economy, there is continuous ups and downs in the international gold market, which is also affecting the Indian bullion market. Experts say that in the current situation of strong upheaval, small and retail investors of the market should be very careful and make their investment plans only after consulting investment advisors.
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