If you have been monitoring gold prices for the last few days, then you must have seen that till some time ago gold prices had reached a very high level, and 24 carat gold had reached a new record by reaching close to ₹ 1 lakh. But now there is news of relief for you. Today, on 23 April, there has been a strong fall in gold prices, which can be a great opportunity to buy gold.
Chance to buy gold at cheap rate
If you are planning to buy gold, then today can prove to be beneficial for you. Today the price of gold has declined, which is giving you the best opportunity to buy gold at a low price. If you are thinking of buying gold, then this information can be important for you. Let us know at what cost is gold today.
How much did the price of gold decline?
Today, the price of 24 carat gold in the commodity market has fallen by ₹ 2,050 to ₹ 95,520 per 10 grams. At the same time, gold futures have also seen a decline on MCX. The June delivery gold is trading at ₹ 95,250, which is a decline of 2.1%. Apart from this, its Day High was ₹ 96,500 and Dear Low ₹ 94,959.
The reason for the fall in gold prices
This decline in gold prices has been seen due to weakness in the global market. There was an increase in the price of gold in the last weeks in the last weeks due to the possibility of recession in the US, dollar weakness, and slow economy, as well as frequent inflation. But now when traders started profit booking, prices have come down.
What is the rate of gold in your city?
Gold prices have changed in various cities of the country. If you are in Delhi, Mumbai, Kolkata or Chennai, then the gold rates here are as follows:
Delhi: 24 carat gold priced ₹ 95,200 per 10 grams and 22 carat gold ₹ 87,267 per 10 grams.
Mumbai: 24 carat gold priced ₹ 95,370 per 10 grams and 22 carat gold ₹ 87,423 per 10 grams.
Chennai: 24 carat gold priced ₹ 95,640 per 10 grams and 22 carat gold ₹ 87,670 per 10 grams.
Kolkata: 24 carat gold priced ₹ 95,240 per 10 grams and 22 carat gold ₹ 87,303 per 10 grams.
conclusion
If you are thinking of buying gold, then the decline in prices is a great opportunity. In addition, gold prices fluctuate, so it is important to check the gold rates from time to time. Keeping in mind today’s rates, you can decide your investment.
