Cheap! Cheap!: Gleaming Gold, Shining Silver!
Gold Rate: gold becomes cheaper, silver shines
There is a decrease in the price of gold and silver in the bullion market on the third day of the week.
Due to the fall in the price of gold and silver after the budget in the bullion market, there was disappointment among the traders.
On the third day of the trading week ie on february 2, gold was seen trading at Rs 47,839 per 10 grams with a weakness of Rs 73, while gold closed at Rs 48,980 on the previous trading day.
With the fall in the price of gold, there was an increase in the price of silver.
Silver became expensive today and closed at Rs 61,465 per kg.
Gold is currently selling cheaper by Rs 9 thousand per gram than its all-time high.
The all-time high of gold so far has been Rs 56,200 per ten grams.
Gold had reached this rate in august 2020. silver had closed at Rs 60,900 per kg in the previous trading session.
Gold price
The price of 24-carat gold is Rs 48,008.
On Tuesday, gold had closed at Rs 48,254 in the bullion market.
Today, a drop of Rs 73 was recorded in the price.
The average price of 22-carat gold was Rs 44,900.
Gold price in the international market
According to Reuters, gold was trading at $ 1,799 an ounce, while silver remained at $ 22.67 an ounce.
Silver rate
In the bullion market, the rate of one kilogram of silver stood at Rs 61,465, while silver had closed at Rs 60,900 yesterday.