Gold-Silver Price Today: Gold rates fall again; Check Prices here!
Gold prices fell by 0.3% in Delhi Bullion Market on Friday. The new gold price in the capital Delhi has now gone up to Rs 44,731 per 10 grams.
New Delhi: Gold prices today (Gold Price Today) declined again in Indian markets. On Friday, March 12, 2021, gold futures on MCX fell 0.3% to 44,731 per 10 grams, while silver fell 0.5% to 67,177 per kg. So far, the price of gold has come down to a low of about 11 months.
Gold touched a high of 57,000 in August last year. During the last trading session, gold prices rose by 0.11% in Delhi bullion market, while silver increased by 0.2%. MCX was closed for the morning session on Thursday due to a public holiday.
Gold Price, 12 March 2021:
Gold prices fell by 0.3% in Delhi Bullion Market on Friday. The new gold price in the capital Delhi has now gone up to Rs 44,731 per 10 grams. At the same time, gold fell 0.2% to $ 1,718 an ounce in the international market.
Silver Price Today:
A decrease in silver prices was also recorded today. The price of this precious metal has fallen by 0.5% to Rs 67,177 per kg in Delhi Bullion Market. Even in the international market, silver prices were flat at $ 26.11 an ounce today.
Experts believe that the weakening of gold prices may not be for long. Weakness in the dollar, rising inflationary pressures and monetary expansion have had a direct impact on the gold price.
Analysts are assuming that there will be a further decline in gold. It is believed that gold may fall to $ 1500 an ounce, after which it will show stability. That is, if seen in Indian rupees according to this, gold can come down below 40000 thousand.
Chirag Mehta, senior fund manager at Quantum Mutual Fund, said that the gold price saw some positives in the international market in the coming weeks due to excess spending being stuck in the real economy, expectation of strong market inflation and the dollar's downtrend May go.