Gold is getting cheaper during the wedding season. Gold price in India today reached a near 10-month low. Today, gold futures on MCX were down by 0.11% to trade at 45,500 per 10 grams. Silver futures remained flat at 69,216 per kg. Gold has become cheaper by about 11 thousand rupees in 10 months. In August 2020, gold had reached Rs 56,200.
Gold prices reached Rs 45,500 per 10 grams in Delhi Sarafa Bazar on Wednesday. On the other hand, spot gold fell 0.2% to $ 1,734.16 an ounce in the international market.
Silver futures in the Delhi bullion market remained flat at 69,216 per kg on Wednesday. Today, silver slipped 0.3% to $ 26.67 an ounce in the international market.
There is a strong demand for gold in the domestic market. The wedding season is going on and the prices have come down considerably. In such a situation, the pressure of demand will increase further. If you also want to buy gold, then this is a good opportunity.