New Delhi. After the continuous rise, the price of gold is now seen to be falling. The price of gold also declined on Saturday. After the price of 24 carat gold and a reduction of Rs 500, its price of 10 grams is close to Rs 86800. At the same time, the price of 22 carat gold has fallen by Rs 450. After which the price of 10 grams of it is around 79500. Due to the rise in the dollar against the rupee, there was a steady increase in the price of gold. After this, a period of decline also started in a week. The price of 24 carat gold has fallen by Rs 1036 per 10 grams.
If we talk about silver, then its price is also being recorded. The price of one kg of silver was seen at Rs 93480 on Saturday. In this way, the price of silver has declined by 3600 rupees in a week. The first investors believed that America’s Federal Reserve could further cut the interest rates, but now it is not visible. For this reason, the increase in the price of gold and silver is also seen and both precious metals are being looked at.
Apart from the price of rupee against the dollar, tax and international market prices also fix the price of gold and silver in India. Apart from this, gold and silver rates are also fixed based on the demand of investors. Many times this happens when the rates of both precious metals bounce on the same day several times. Festivals like Teej and Diwali and wedding season have also seen the price of gold and silver increasing. The World Gold Council believes that women in India have 24000 tonnes of gold. Which is 11 percent of the gold stock in the world. So much gold is not even in America’s vault.
