Gold and silver price: Gold futures became cheaper again today, find out what the price is

Gold and silver price: Gold futures became cheaper again today, find out what the price is

Gold futures have declined in the Indian market today amid rising yields on US bonds. Gold futures on the MSX fell 0.4 percent to a 10-month low of Rs 44,768 per 10 grams. Silver futures fell 0.8 percent to Rs 67,473 per kg. In the previous session, the price of gold has decreased by 1.2 percent, that is, Rs 60,000 per 100 grams, silver has decreased by 1.. Percentage, that is 1150 rupees per kg. After a strong rally in 2020, there has been gold pressure this year between the rise in equity markets and the rise in U.S. bond yields. Since the beginning of this year, the price of gold has dropped by more than five thousand rupees. It is down by Rs 11,500 from Rs 56,200 in August.

Prices are so high in the global market

Gold prices in global markets fell nine months in the previous session. Today it was stable at 1, 1,711 an ounce. Among other precious metals, silver rose 0.4 percent to .1 2.1.18 an ounce, while palladium fell 0.3 percent to ৪ 2,433.52. Platinum was down 0.5 percent at 1,161.50.

ETF flows reflect weak investor interest

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund or gold ETF, fell 0.4 percent to 1,082.38 tonnes on Wednesday. Gold ETF is based on the price of gold and its price decreases with subsequent price fluctuations. The flow of ETFs reflects weak investor interest in gold. A stronger dollar makes gold more expensive for other currency holders.

The government is selling gold at an affordable price for 10 months

If you want to invest in gold, this is the right time for you. The central government has launched a sovereign gold bond scheme. The twelfth series of Sovereign Gold Onds has started from March 1 and you will be able to invest in it by March 5. This project is the most important thing in the last series of the current financial year. At the lower level. The Reserve Bank of India has set the price of gold subscription at Rs 4,662 per gram. If you apply online, you will get a discount of Rs 50 per gram, which means you will spend Rs 4,612 per gram of gold.

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