Gold price review: Gold is Rs 6408 less than the all-time high, find out what it will be like next week

From the all-time high so far, the price of gold per 10 grams has gone up to Rs 6,408. Silver, on the other hand, declined to Rs 131,331 from its August high. August The price of gold opened at 5252544 in the cheap market. It was at the top, while silver per kg. 76008. If we talk about the last five days, the spot price of gold has come down by Rs 1774 per 10 grams, while the price of silver has come down by Rs 8472 per 10 grams.

Gold prices have fallen by Rs 1,400 so far in September

So far, the price of gold has dropped by 1400 per 10 grams in September. The rupee has declined by Rs 8457 per kg. In the first week of September, the price of silver fell by Rs 3,956 per kg, while the brightness of gold per 10 grams declined. Gold and silver rose slightly in the second week and the bullion market gold spot price rose by Rs 423. Silver also rose by Rs 407 during the period. In the third week gold and silver burned once more. Gold prices strengthened to Rs 226 and silver to Rs 682, but gold-silver luster faded in the fourth week against the dollar. Between September 21 and 25, where the price of gold fell to Rs 1,774, silver fell to Rs 7,428.

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The gold and silver run like this from September 21 to 25

Date

Morning sleep rate

(Rupees / 10g)

Evening bed rate

(Rupees / 10g)

Morning rate silver

(Kg / kg)

Silver evening rate

(Kg / kg)

2520 September 50136 49846 58843 57477
24 September 2020 49810 49822 56250 56471
23 September 2020 50222 50327 58217 58908
22 September 2020 50638 50683 59915 59959
21 September 2020 51612 51341 65010 64141
07202020 56254 56126 76008 75013

Source: IBJA

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Fluctuations can continue

Experts say interest rates in developed countries are close to zero.  Interest rates will remain the same for a long time.  Interest rates affect the price of gold.  In a situation where it is now expected that if interest rates are close to  zero, most people may choose to invest in safe investing gold.  This is expected to increase prices.

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Navnit Damani, vice-president of product research, Motilal Oswal Financial Services, said that the price of gold has recently come down to Rs 50,000, while silver has come down to Rs 60,000. He said the ups and downs could continue in the future. Experts say interest rates in developed countries are close to zero. Interest rates will remain the same for a long time. Interest rates affect the price of gold. In a situation where it is now expected that if interest rates are close to zero, most people may choose to invest in safe investing gold. This is expected to increase prices.

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All records were broken in August

On August 7, 2020, the gold spot was opened at 56254 in the cheap markets across the country. It was the highest ever. After that, it closed at Rs 56,126 per 10 grams after a slight decline in the evening. As far as silver is concerned, on this day it opened at Rs 000000 per kg and closed at Rs 75013. Let me tell you that the price of silver on MSX went up to a record 733,600 per kg on April 25, 2011, while the price of silver in the spot market reached Rs 777,000 per kg in 2011. On March 16, 2020, the price of gold was Rs 38,400 per 10 grams.

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