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- Gold Silver Price 1th September Update; Sona Chandi Ka Rate Per Gram Kya Hai In India Mumbai Delhi
New Delhi4 minutes ago
The continuing fall in the prices of gold and silver is not taking its name to stop. Today i.e. on Thursday also, there has been a big drop in their prices. Due to this, gold has slipped and has come close to 50 thousand.
According to the website of India Bullion and Jewelers Association (IBJA), gold has come down by Rs 787 to Rs 50,401 in the bullion market on September 1. At the same time, gold is trading at Rs 50,090 with a fall of Rs 324 at 12 noon on the futures market, ie MCX.
gold price by carat
|carat||Price (Rs./10 gram)|
Silver reached the low of 2 years
There has been a big fall in silver today. Due to this, it has come down to a low of 2 years. In the bullion market, it has become cheaper by Rs 2,500 to Rs 51,850 per kg. At 12 noon on MCX, it is trading at Rs 5,285, weakening by Rs 866.
Gold came to $ 1,706 in the international market
Talking about the international market, gold is trading at USD 1,706.2 an ounce and silver at USD 17.8 an ounce.
Recovery can be seen in the coming days
Analysts around the world, including India, estimate that by the end of this year, gold can reach $ 2,000 in the international market and Rs 60,000 in the domestic market. According to experts, inflation is definitely coming down in the country, but on a global scale, prices may remain high for a long time. This will support gold in the coming days, as it is considered a hedge against inflation. That is, investment in gold increases when inflation rises.
Many other circumstances are also favorable for sleeping. For example, fears of recession in the US, interest rate hikes are expected to stop, unreasonable rise in stock markets and geopolitical tensions.
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