Gold Price Today, 05 April 2021: Gold Prices down by nearly Rs 10,800; should you invest now?

2 weeks ago 9

New Delhi: For those looking to bargain golden astatine large prices, the existent play seems the close accidental to bash so. Though golden prices are trading level connected MCX connected Monday, the prices of the yellowish metallic are inactive astir Rs 10,800 little than the rates arsenic compared to August.

Gold futures for June transportation connected MCX person remained supra Rs 45,000 today, starting connected a level note. The metallic futures connected MCX person slipped beneath Rs 65000 per kg aft starting implicit 65,000 per kg. On Thursday, golden was seen moving astir successful a level range, nevertheless successful the past hour, bully trading was witnessed. Last week, golden roseate much than 700 rupees per 10 grams.

Gold futures for June transportation connected Monday opened astatine Rs 45,349 per 10 grams arsenic against the erstwhile adjacent of Rs 45,418 portion Silver futures for May transportation opened astatine Rs 64,800 per kg arsenic against Rs 65,089. Gold Prices down by astir Rs 10,800 arsenic compared to August 2020, erstwhile the terms of 10 grams of golden connected MCX reached the highest level of Rs 56191. Last year, golden gave a instrumentality of 43%. 

On Thursday Gold rallied by Rs 881 to Rs 44,701 per 10 gram successful the nationalist superior connected Thursday pursuing a crisp betterment successful planetary precious metallic prices. In the erstwhile trade, it had closed astatine Rs 43,820 per 10 gram. Silver besides gained Rs 1,071 to Rs 63,256 per kilogram from Rs 62,185 per kilogram successful the erstwhile trade.

International golden prices

Gold prices eased connected Monday arsenic U.S. Treasury yields roseate and planetary stocks gained aft better-than-expected jobs information successful the United States fuelled optimism implicit a swift economical recovery. Spot golden was down 0.3% astatine $1,723.16 per ounce, arsenic of 0553 GMT. Gold futures were level astatine $1,761.20 per ounce, said a Reuters report.

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