Gold latest price: At present, the price of gold is at the lowest level of 2 months. According to commodity experts, gold will once again be 52 thousand by the end of this year. In such a situation, they are giving buying advice on the decline.
Investors are being advised to buy on correction.
Gold latest price: For some time now, there is pressure on gold and silver prices. Its performance this week has been fluctuating. After the delta variant of Corona came to the fore, a trend of bullishness is visible in it. Commodity market experts say that if there is a rise in the delta variant, then again there will be a rise in the gold outlook. In such a situation, investors are being advised to buy on correction.
On the first day of the week in Delhi bullion market, gold rose by Rs 116 on Monday, while silver rose by Rs 161. On Tuesday, gold fell by Rs 89 and silver by Rs 222. On Wednesday also gold became cheaper by Rs 264 and silver by Rs 60. On Thursday, there was a huge jump in the price of gold and silver. In Delhi bullion market, gold became costlier by Rs 526 (Gold price today), then the price of silver increased by Rs 1231. On the last day of the week, gold became costlier by Rs 251 (Gold latest price) in Delhi bullion market, while silver by Rs 256. A decline was recorded.
weekly performance in bullion market
In this way, gold became costlier by Rs 540 on a weekly basis in the Delhi bullion market. Talking about silver, it gained Rs 854 on a weekly basis. On Friday, the closing price of gold was Rs 46,615 per ten grams and the price of silver was Rs 68,458 per kg.
Gold rises by Rs 414 on weekly basis on MCX
On MCX, gold for delivery in August closed at Rs 47339 per ten grams with a rise of Rs 300 this week. Last week, gold had closed at Rs 46925 per ten grams. In this way, it gained Rs 414 on a weekly basis. On the last day of the week, gold for delivery in October rose by Rs 319 to Rs 47640 and the gold for delivery in December closed at Rs 47229 with a fall of Rs 364.
Silver rose by Rs 414 on a weekly basis on MCX
Talking about silver delivery on MCX, on the last day, silver for delivery in July rose by Rs 1004 to close at Rs 69159 per kg. Last week its closing price was Rs 67873 per kg. On a weekly basis, it gained Rs 1286. Silver for September delivery rose by Rs 1160 to close at Rs 70280 per kg. Silver for December delivery recorded a rise of Rs 1147 on the last day of the week and its closing price was Rs 71618 per kg.
Bullion market also saw a rise in gold and silver
The closing price of 24 carat gold on the IBJA website was Rs 47587 per ten grams while the rate of silver was Rs 68975. Last week the price of gold was Rs 47205. In this way, gold rose by Rs 382. Last week the closing rate of silver was Rs 68467 per kg. In this way, there was an increase of Rs 508 on a weekly basis.
Gold and silver rise in the international market
The closing price of gold in the international market was $ 1,787.55 per ounce this week. Last week’s closing price was $ 1,777.80. On a weekly basis, it gained 0.31 percent by about $ 10. The closing price of silver was $ 26.60 this week. Last week’s closing price was 26.12 per oz. On a weekly basis, silver rose 1.59 per cent to around $ 0.48.
By the end of this year 52 Hazari may be gold
At present, the rate of gold is at the lowest level of 2 months. Commodity experts say that as long as gold remains above $ 1720, then buying can be done when the price falls. A strong base for gold on MCX is at the level of Rs 46500. Market experts believe that by the end of this year, gold will again reach the level of 52 thousand.
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