Today, the gold price is falling again. On Wednesday, gold had closed at Rs 50,325 per 10 grams, which fell by Rs 125 to open at Rs 50,200 per 10 grams.
On the Multi Commodity Exchange, the prices of gold futures delivered in December fell by Rs 291, or 0.57 percent, to Rs 50,475 per 10 grams.
On Wednesday, gold fell by Rs 357 to close at Rs 50,253 per 10 grams in the Delhi Bullion Market due to weak demand from investors. Similarly, silver also declined by Rs 532 to Rs 62,693 per kg.
According to Motilal Oswal Financial Services, gold prices can go up to Rs 65-67 thousand per ten grams in the long term. The firm's report said demand for gold is likely to rise back in the fourth quarter after falling 30 percent in the third quarter, as jewelry purchases will pick up during this time.