Price Of Gold Falls Rs 10,000 From August; Yellow Metal Price Dips 8-Month Low

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Published by siddhi ajgoankar on 23 Feb 2021

On February 22, the price of gold has hit the lowest levels in the past eight months. As of Monday, the gold futures hiked 0.3 percent to Rs 46, 340 per 10 grams on the Multi Commodity Exchange (MCX).

In the financial capital of India, the price of the precious yellow metal remained stable at Rs 45,130, while the price of gold in Delhi reached Rs 45, 410 per 10 gram.

Speaking of the silver prices, it soared by 08. Percent to reach Rs 69,590 per kg on the MCX on Monday. This has come after the prices of gold have dipped by over Rs 10,000 in the last six months. In August 2020, the price of the yellow metal soared Rs 56,200 per 10 gram and it is a record high.

The price of 22-carat gold in various cities of India differs as per the making charges and the value of the metal in the particular city.

Meanwhile, the price of 22-carat gold in Chennai costs Rs 43,780, while in Kolkata it is at Rs 45,570. In the nation’s capital, the price of the 22-carat gold is Rs 45,410 and in Bangaluru, the gold prices are Rs 43,270.

In other major cities, the prices remain above Rs 40,000 only. In down south Kerala, the 22-carat gold is being sold at Rs 43,270, in Maharashtra’s Pune city, the prices of gold are Rs 45,130. In the two major cities of Gujarat- Vadodara, and Ahemdabad the prices of gold are Rs 45,770 respectively.

Post the announcement of Union Budget 2021, the price of gold has been taking a dip. In the earlier week after the announcement of the budget, the price of the yellow metal slumped by nearly 5 percent from its price before the budget announcement.

On the other hand, the prices of other precious metals also have shrunk in the Indian market.

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