Gold Silver Price | Gold rose by Rs 1,000 while silver rose by Rs 1,000
Mumbai: The last few days have seen a steady decline in gold prices. As the market closed on Monday evening, gold prices in Mumbai and Pune fell by only Rs 10 and silver by Rs 1,000. In Mumbai and Pune, 10 gram 22 carat gold is priced at Rs 42,980 while 24 carat gold is priced at Rs 43,980. Have to count. The rate was 64,700 on Sunday. Considering the price of silver, the price has been fluctuating in the last ten days. The price of one kg of silver, which was Rs 67,500 on February 28, has gone up to Rs 65,700 today. Otherwise the price of gold has been steadily declining on other days. Last month, the price of gold was Rs 45,930 on February 28. & nbsp;
Although the international price of gold in Mumbai varies, some local factors also affect it. The price of gold in Mumbai is determined by the Indian Bullion Jewelers Association. It considers local import tax and MCX commodity market. MCX is the largest commodity market in the country, where gold is priced. & Nbsp;
Meanwhile, investors have been increasingly turning to this option, seeing a steady decline in gold prices over the past few days. For many, investing in gold is a safe and guaranteed option. The number of those who prefer to invest in gold is higher.
In August 2020, the price of gold reached a record high of Rs 56,000 per 10 grams. Since then, gold prices have fallen by more than 12,000 rupees. & Nbsp;
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