Gold Rate Today |
Gold prices have fallen on a weekly basis. Gold has become cheaper compared to last week. Experts believe that the Federal Reserve is continuously raising interest rates due to rising inflation in the United States. In such situation people are investing money in bonds for short term gain. That is why the price is also falling due to decrease in demand.
Now is the right time to start investing in gold
Experts believe that this is the right time to start investing in gold. If there is a slight fall, the price of gold can be averaged by buying more at that level. This investment in gold can give good profit within a year.
24 carat gold – fall in gold price
Gold prices have fallen in the last week. In the previous session, 24 carat gold was priced at Rs 59,016 per 10 grams on Friday. On Monday, the price of gold was Rs 59199 per 10 grams. Therefore, the price of gold has closed at Rs 183 per ten grams throughout the week.
At the same time, if we look at the price of silver, it has increased somewhat. Silver price was Rs 71853 per kg on Friday. The price of silver was Rs 71343 per kg on Monday. Therefore, the price of silver has increased by Rs 510 per kg throughout the week.
Talking about the all-time high, gold is currently trading Rs 2,640 per 10 grams cheaper than the all-time high. Gold reached its high on May 11, 2023. At that time, gold had gone up to Rs 61585 per 10 grams. Meanwhile, silver is trading below its all-time high at Rs 6158. On May 4, 2023, silver touched a high of Rs 76464.
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