There is still a period of decline in the price of gold. The reason for this is believed to be the steady rise in the US bond yield. Today, once again the fall in the price of gold is seen.
Gold opened lower by Rs 213 today. Due to this, its price has reached the level of Rs 44735 per ten grams.
So far, the price of gold has fallen by about Rs 11500 from the all-time high of last August. In August last year, the price of gold reached the level of Rs 56200 per ten grams.
In the global market, there has been increasing pressure on the price of gold. Gold for April delivery declined by $ 2.95 to trend at the level of $ 1712 per oz.