Gold price falls over Rs 9,000 in 5 months .. Can it be bought now?

  • Post category:Gold rate

Highlights:

  • The price of gold has plummeted
  • The silver rate is also falling
  • Under Rs

Thinking of buying gold? But is it better to buy now? Or is it better to buy gold after a while? Thinking that. But you should know this for sure. Buy yourself later? At? That decision can be made.

The price of gold has risen sharply over the past year. Together they scored 27 percent. As a result, many people stay away from buying gold. If rates go down, you may feel like buying. The price of gold has now fallen sharply compared to last year’s all-time high.

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On August 7, 2020, the gold price hit an all-time high. Then the price of 10 grams of 24 carat gold rose to Rs 59,130. But now the gold price is at Rs 50,700. This means that the price of gold has fallen by Rs 9,060 in a single period of 5 months.

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At the same time, the price of 10 grams of 22 carat gold also fell sharply. On August 7, the price of 10 grams of gold touched Rs 54,200. Now the gold price is moving at Rs 45,900. This means that the pound has fallen by Rs 8,300 in recent times.

Not only the price of gold but also the price of silver followed the same trend. However, the silver price fell below the gold level. Silver touched Rs 76,510 per kg on August 7. Now the silver price is at Rs 69,600. That means the silver rate has fallen to Rs 6,910. This means that gold and silver prices have fallen sharply in just five months. So why buy gold now? At? That is your decision.