Gold Rate Today: On Monday, gold prices fell further in the spot market. This means that if you are going to buy 24-carat pure gold, then you will get a little cheaper. In the Delhi bullion market, the price of gold fell by Rs. 141 to Rs. 48,509 per ten grams. Gold also became cheaper in Saturday’s business. In the last trading session, gold was recorded at Rs 48,650 per ten grams.
However, silver prices registered a slight rise in the bullion market. Silver rose by Rs 43 to Rs 66,019 per kg. Which were at Rs 65,976 per kg in the last trading session.
HDFC Securities Senior Analyst (Commodity) Tapan Patel says that gold and silver traders are currently in consolidation mode. Talking about the international market, gold declined to $ 1,853.26 an ounce. However, silver traded flat at $ 25.55 an ounce.
Gold production will accelerate
According to the report of the World Gold Council, there will be fewer supply bottlenecks in 2021 as the recovery in gold mining is expected. The report says that the world is recovering from the corona epidemic, in such a situation that the interruptions in gold production will reduce. Even if the corona epidemic continues, the major companies have developed protocols and procedures that will reduce its production barriers, similar to the conditions created last year.
