Gold reached 48 thousand; Although still 8 thousand cheaper than last year, Chakam may increase further in the coming days | Gold reached 48 thousand; Although still 8 thousand cheaper than last year, the price may increase further in the coming days

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  • Gold Reached 48 Thousand; Although Still 8 Thousand Cheaper Than Last Year, Chakam May Increase Further In The Coming Days

New DelhiOne hour ago

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With inflation, gold and silver have started becoming expensive again. Today at 2:30 pm on MCX, gold is trading at Rs 47,860 with an increase of Rs 176. According to the website of Indian Bullion and Jewelers Association, gold has reached 47,935 today.

Talking about silver, gold is trading at Rs 69,869 with an increase of Rs 357 on MCX at 2.30 am. However, according to the website of the Indian Bullion and Jewelers Association, silver has slipped by Rs 115 to Rs 69,333 per kg in the bullion market today.

In the international market too, gold came out above $ 1800
In the international market too, gold has seen good gains today. Gold has reached near US $ 1,805 an ounce here today. On July 1, it was close to $ 1770. Experts believe that by the end of the year gold can go up to 2 thousand US dollars per ounce.

Gold can go up to 55 thousand again by the end of the year
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that after July, the demand for gold in the bullion market will increase from August. With this, it can go up to 55 thousand again by the end of the year. That’s why investors need not panic about this fall.

rising gold demand
Gold imports in the country increased to $ 6.91 billion (Rs 51 thousand crore) in April-May in the current financial year (2021-22). According to the Commerce Ministry, in the same period of the financial year 2020-21, the import of this gold was $ 791 million (Rs 599 crore). Gold imports have started increasing due to increasing demand in the country. In April, gold worth $ 6.3 billion has been imported, about 46 thousand crore rupees.

Gold is still being sold 8 thousand rupees cheaper than the record level
In August 2020, gold touched a record level of Rs 56,200 per 10 grams, but since then its price has come down by about Rs 8,000. There is a lot of volatility in the prices of gold these days.

Gold became cheaper by more than Rs 2600 in June
According to the website of Indian Bullion and Jewelers Association, in the month of June, gold became cheaper by Rs 2,669 in June. At the beginning of this month i.e. on June 1, gold was at Rs 49,422, which came down to Rs 46,753 on June 30. On the other hand, when it comes to silver, it became cheaper by Rs 4,596 to Rs 72,428 to Rs 67,832.

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