Gold Price Today: Yellow Metal Slides To Rs 48,980

Gold Price Today: Yellow metallic fell on Saturday

Gold costs on Saturday January 15, reached Rs 48,980, falling Rs 120 from Friday’s buying worth of Rs 49,100. Silver costs nonetheless rose by Rs 200, reaching Rs 62,200 per kg.

However, gold worth at the moment at MCX continues to be round Rs 8,400 beneath its lifetime excessive of round Rs 56,200 per 10 gm. According to specialists, MCX gold price has been on the draw back for final one and half years after reaching its life time excessive in August 2020.

Spot gold worth is buying and selling within the vary of $1780 to $1835 per ounce and it might go as much as $1900 to $1910 per ounce ranges as soon as it breaks the present hurdle at $1835 ranges. They mentioned that rising crude oil worth within the international market is predicted to additional gas international inflation resulting in weak spot within the main international and native currencies, which can push gold worth additional northward.

As per the up to date information from MCX, gold futures, set to mature on February 4 this 12 months, rose by 0.18 % to Rs 47,820.00. Silver futures, that are because of mature on March 6 this 12 months, fell by 0.44 % to Rs 61,645.00.

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