On Monday, there was a break in the continuing fall in gold prices. But the price has not increased much. On Monday, gold on MCX opened marginally higher by Rs 73 to Rs 44,756 per 10 grams.
Silver opened at Rs 66455 per kg on Monday on MCX. Chandi closed at Rs 65,603 per kg at the close of business on Friday.
In the spot market, the price of gold has come down from its record high to Rs. 13121. In August 2020, the spot price of gold in the Delhi bullion market reached the mark of Rs 57008 per 10 grams.
India Bullion and Jewelers Association (IBJA) national secretary Surendra Mehta has said that the biggest reason for the fall in gold prices was the strengthening of the dollar against other major currencies. The US dollar index has strengthened against major currencies.