Gold and silver prices in India: The rates of gold and silver in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.
The much-awaited US July CPI inflation report showed that US Core CPI posted the smallest back-to-back rise in two years. Core CPI inflation rose 0.20% m-o-m for a second month. Headline CPI inflation also rose 0.20% m-o-m
Gold, Silver Price Today, 6 October 2021: On the Multi Commodity Exchange (MCX), gold futures due for an December 3 delivery, were last seen trading lower by Rs 151 or 0.32 per cent - at Rs 46,606
Good News! Gold rates dip to one-year low, know what causes fluctuation in prices
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low. (Image Source: File Photo)
Updated: Mar 6, 2021, 12:19 PM IST
If you are fond of gold jewellery then this is the best time to invest the yellow metal. The price of gold has retreated to a near one-year low. On Friday (March 5), local gold futures fell to Rs 44,217 per 10 grams, a trough since April 7.
The price of one gram of 22-carat gold on Saturday declined to Rs 4,343 from Rs 4,390. The further dip in the prices of precious metal has taken rates to more than 10-month lows. In global markets as well, gold continued its southward trend with prices falling.