Gold Price: Falling Gold Prices, Know Today’s Rate | Gold price in MCX commodity market
Gold Price | Gold prices, which have been rising for some time, are now seen stabilizing somewhat. The last week has seen many fluctuations in the gold rate
The price of gold
Mumbai: Gold prices have been fluctuating within a certain range over the last few days due to developments in the international market. Gold prices are hovering around 47,000. Gold opened at Rs 46,160 per ounce after the market opened on Tuesday. The price of 24 carat gold is Rs 47,160. (Gold continue to remain below Rs 47,000 mark, check prices in metro cities)
On Monday, gold was up by Rs 116 and silver by Rs 161. At the close, gold was trading at Rs 46,337 per ounce. In comparison, gold prices are falling by around Rs 170 today.
Gold prices hit a two-and-a-half month low
Gold prices, which have been rising for some time, are now seen stabilizing somewhat. The last week has seen many fluctuations in the gold rate. At the Multi Commodity Exchange (MCX) on Friday, gold had gained Rs 86. As a result, gold was trading at Rs 46,956 per ounce.
This is the first time since April 14 that gold prices have fallen so much on a multi-commodity exchange. On April 14, gold closed at Rs 46,831 per ounce on the MCX. On April 15, the same rate was Rs 47,401 per tonne. At present, gold prices are at a two-and-a-half month low.
Extension to September for implementation of hallmarking
The central government had from June 16 introduced the rule that only hallmarked gold jewelery would be sold across the country. However, after the implementation of this rule, consumers are still waiting for jewelery with Gold Hallmarking. All goldsmiths in large districts of the state will have to wait for at least another month and a half for the availability of hallmark jewelery.
The picture is that the central government has implemented this decision in a hurry, similar to the exchange of notes and GST. Because, even after 12 days of reversal of the rules, there are still many changes left in the registration system. Therefore, the implementation of Gold Hallmarking has been postponed till September.
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(Gold continue to remain below Rs 47,000 mark, check prices in metro cities)
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