Now Gold Price in India 53790.00 Per Grams
Gold Price in India– Gold prices getting down due to covid-19. By the month of September, gold has become down by 5684 rupees than its record high. But how much more will gold fall in the coming days? Is there a possibility of further price cuts? What will be the 10 gram gold price till Diwali? Many such questions will definitely be in the mind of the investor and common man. In such a situation, It is important to know how far the Gold Price outlook can fall.
Gold/Silver Price’s Down In India
Due to covid-19, there has been a tremendous decline in the stock market around the world. However, now the markets are stable. There is a recovery in the stock market gradually. Recovery has also been seen in the currency market. At the same time, the commodity market is also good business. However, there have been sharp fluctuations in gold price’s. In the bullion market, gold has become cheaper by its all-time high till September 30, up to rs 5684 per gram. Silver has also become cheaper by rs 1434 from its peak.
According to market experts, gold prices will fall further in the coming days. Gold can go up to 48 thousands rupees per 10 grams. At the same time, gold will seen once again up to Diwali festival. By the end of December, gold can reach its all-time high. According to market experts, gold on MCX is expected to go up to 48 thousand per 10 grams. At the same time, gold prices will again see a rise till Diwali.
Today Gold Price In India October 2020
22 & 24 Carat Gold Rate in India for Last 10 Days
|YEAR||STANDARD GOLD 22K GRAM 10||PURE GOLD 24K GRAM 10|
07 Nov 2020
06 Nov 2020
05 Nov 2020
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02 Nov 2020
01 Nov 2020
30 Oct 2020
29 Oct 2020
28 Oct 2020
27 Oct 2020
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25 Oct 2020
24 Oct 2020
23 Oct 2020
22 Oct 2020
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20 Oct 2020
19 Oct 2020
18 Oct 2020
17 Oct 2020
Gold Price Down or High in Future
According to Navneet Damani, Commodity Vice President, Motilal Oswal Financial Services, the ups and downs will continue till Diwali, if you feel that gold will be cheaper or come to the previous level, then the guess can be wrong. Also, if you see the movement of gold along with the pace of the stock market, then you will make a mistake. The price of gold has fallen from a height in the range of Rs 50,000, while silver is in the range of Rs 60,000. In the coming times, these fluctuations may continue. Until Diwali, there is no possibility of any major rise or fall in gold prices. Even on Diwali, gold can remain in the range of 50000 52000 rupees per 10 grams.
A major reason for the fall in gold is the strengthening of the rupee in the last 2 months. Now the rupee has strengthened to Rs 73-74 per dollar, which weakened to Rs 76-77 per dollar a few months ago. If the dollar strengthens again, gold will be strengthened again in the long term and the dollar is going to be strong again. That is, gold can reach 60-70 thousand rupees per 10 grams by next year.
Buying Gold in India
Buying gold in India is pretty easy in the sense that you can find genuine gold jewellery shops almost everywhere. From large franchise to smaller shops, gold is everywhere. You can get the standard 22 carats gold, the intermediate 23 carats gold, as well as the pure 24 carats gold, in this golden country. However, before heading to the nearest jeweler’s, do search for Gold Rate Today or Today gold rate on Google for the latest price of gold. You should invest in gold for a future profit.
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