On Friday, gold in the national capital fell by Rs 522 per 52 grams to Rs 43,887. According to HDFC Securities, gold stood at Rs 44,409 per 10 grams in the previous trade.
Silver has become cheaper by Rs 1,822
Silver also declined by Rs 1,622 per kg to Rs 644,605. In the previous trading day, silver was closed at Rs 66,627. The price of gold in the international market was 69,696 per ounce and the price of silver was .20 25.20 per ounce.
Today is the last day to buy cheap gold
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 12th series of Sovereign Gold Bonds started on March 1 and today is the last day of March 5. This scheme is the most important issue in the last series of the current financial year . 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.
The main reason for price fluctuations
Fluctuations in the US dollar, growing chronovirus cases and related restrictions, mixed economic data from large economies and additional stimulus measures have led to fluctuations in gold and silver prices. Analysts say the biggest reason for the rise in gold prices over the past few weeks is the advance on the vaccine front.
To address the economic impact of the corona, gold has benefited from large-scale incentives in 2020. In 2020, it increased by 25 percent. Gold is seen as a hedge against inflation and currency depreciation. Speaking of silver, it increased by 50 percent during this time.