Today, April Futures on MSX was seen trading with huge fluctuations yesterday. The intraday gold price also went above 45,000 yesterday and later dropped to 44,400.
At the beginning of 2021, gold was above Rs 50,000 per 100 grams, today the April futures on MSX are around Rs 45,000, which means it has become cheaper by Rs 5,000 per 100 grams of gold in about three months.
Gold is currently trading at the level of 44500 on the MCX. However, the business is very limited. Gold trades only between 44500 and 44900.
Monday 44905/10 g
Tuesday 44646-10 g
Wednesday 44860/10 g
Thursday 44695/10 g
Friday 44540/10 g (trade continues)
In August 2020, the price of 10 grams of gold on the MCX reached a high of Rs 56,191. Since then the price of gold has become very cheap.