Gold prices have continued to fall since the announcement of an import duty cut in Budget 2021 released by Finance Minister Nirmala Sitharanam. In the last four days, the price of gold has come down by almost two thousand rupees. This round of fall in the price of gold continued on Thursday.
The decline in the price of gold has been observed in Indian markets. Today, the futures price of gold has fallen by 0.56 percent on MCX. With this, gold has reached Rs 47549 per ten grams.
At the same time, the price of silver has also been seen on MCX. The futures price of silver has fallen by one percent. Due to this, the silver futures price has reached Rs 67,848 per kg. There is a good chance for consumers to buy cheap gold right now. Experts have expressed the possibility of an increase in gold prices in the coming time.