New Delhi, 6 June (IANS). If you are making the idea of gold shopping, then there is good news for you. The yellow metal price has declined on Wednesday.
According to the India Bullion Jewelers Association (IBJA), the price of 10 grams of gold of 24 carats has come down by Rs 120 to Rs 96,747, which was earlier Rs 96,867.
The price of 22 carat gold has come down by Rs 110 to Rs 88,620 per 10 grams, which was earlier at Rs 88,730.
At the same time, the price of 18 carat gold has come down from Rs 72,650 per 10 grams to Rs 90 to Rs 72,560 per 10 grams.
However, there has been some increase in silver prices. The price of silver has increased by Rs 520 to Rs 1,00,980 per kg, which was earlier Rs 1,00,460 per kg.
According to Quant Mutual Fund, gold prices have reached their peaks and may fall to 12–15 percent in the next two months.
Quant Mutual Fund, one of India’s oldest and leading mutual funds, said, “However, our medium period and long -term approaches remain equally creative and we say that a significant percentage of your portfolio should be dedicated to precious metals.”
By the time the news was written, gold was increased by nearly 1.02 percent to $ 3,378.12 an ounce and silver fell by 0.33 percent to $ 34.52 an ounce.
Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 20,585 or 27.02 percent to Rs 96,747. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 14,963 or 17.39 percent to Rs 1,00,980 per kg.
-IANS
SKT/GKT
