Gold prices also fell on Tuesday. Gold was trading at Rs 48875 per 10 grams on Multi Commodity Exchange on Tuesday 19-1-2021 at around 10.00 am. Talk about silver, silver rose by Rs 341.00 to Rs 65770.00 per kg.
Gold and silver prices were skyrocketing every day amid the Corona crisis. In August 2020, gold and silver prices touched their highest levels. Gold prices have declined by more than Rs 7,000 per 10 grams since August 2020. On the other hand, silver has fallen more than Rs 12,500 per kg.
The global market has seen a rise in gold futures price on Tuesday morning and a fall in the spot price. According to Bloomberg, on Tuesday morning, the global futures price of gold appeared to be trading at $ 1,837.40 an ounce, up 0.41 percent or $ 7.50 on Comex. The global spot price of gold was currently trading at $ 1,837.80 an ounce, down 0.19 percent or $ 3.46.
How far will the gold price go in 2021
55 percent of brokers have assumed that gold will trade in the range of Rs 60,000-66,000 per 10 grams in 2021, while 45 percent of brokers say gold will remain at the level of Rs 55,000-58,000 per 10 grams.