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- Gold Price Today ; Gold Price ; 19 June Gold Price ; Gold silver ; Gold ; Silver ; This Week Gold Became Cheaper By Rs 1800 To 47 Thousand, Silver Also Became Cheaper By Rs 3500
New Delhi32 minutes ago
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There has been a big fall in the price of gold and silver this week. This week gold has become cheaper by Rs 1,762 to Rs 47,266 per 10 grams. According to the website of jewelery organization Indian Bullion and Jewelers Association, before the beginning of this week, gold was at 49,028. That is, gold has become cheaper by about 9 thousand rupees from its all-time high 56,200 rupees. At the same time, the price of silver also decreased by about three and a half thousand.
Silver also became cheaper by Rs 3500
In the last one week, silver has also become cheaper by Rs 3,452 to Rs 68,687 thousand per kg. Last week, when the market closed i.e. on June 11, it was at Rs 72,139.
Gold slipped in the international market too
In the international market also, gold has come down to US $ 1,764 an ounce, which was close to $ 1,880 a week ago. The price of gold has come down sharply this week.
Gold can go down now
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that after the US Federal Bank to increase the interest rate twice by the end of the year 2023, people’s interest in gold has decreased. Due to this the prices of gold have come down and in the coming days they can go up to Rs 46,800. Anuj Gupta says that investors do not need to be worried about this fall of gold. This fall is not going to last long and by the end of this year gold can go up to Rs 55 thousand.
Gold will get the benefit of rising inflation
Ajay Kedia, director of Kedia Commodity, says that due to the Korana epidemic, inflation has increased rapidly in the country. Whenever inflation rises, gold gets its benefit. Apart from this, now the lockdown has also opened, due to which marriage and other functions will also start. This will also increase the demand for gold in the bullion market. By the end of this year, gold can again go up to Rs 56 thousand.
The demand for gold has started increasing again
With the improvement in economic activities in the country, the demand for gold has also started increasing. According to the Ministry of Commerce, gold has been imported in April worth $ 6.3 billion, about 46 thousand crore rupees. In the same period a year ago, only $2.82 million was imported gold worth about Rs 21.61 crore.