Today, for the second day in a row, the price of gold futures fell in the Indian market. On the MSX, gold futures fell 0.07 per cent to Rs 47,4755 per ten grams, while silver futures rose 0.0 rose per kg to Rs 68,800. Analysts say an improvement in gold prices could boost demand for gold in India.
Gold prices have also declined in the global market today. Gold spot fell 0.3 percent to 8 1,820.73 an ounce. Other precious metals, silver fell 0.2 percent to ২ 2.89 and palladium to $ 2,444.36.
Customers will be able to check the purity of gold with the Central Consumer and Food Ministry’s mobile application ‘BIS-Care Application’. With this app you can not only verify the purity of gold but also make any complaints related to it. If the license, registration, and hallmark number of the products you purchase are found to be incorrect, customers will be able to complain immediately.
Will gold prices rise in 2021?
Major central banks around the world have cut interest rates to almost zero and will remain at the same level for at least another year. Also, central banks are showing aggressive attitude to provide liquidity in the market. All of this will have an impact on the economy and will push up the price of gold. Liquidity push will push up gold prices around the world.