Gold prices fell sharply on Tuesday in Delhi Bullion Market amid reports of Corona vaccine being prepared. Gold prices fell below the level of Rs 49 thousand with a steep fall of Rs 1049. The price of gold is Rs 48569 per 10 grams.
On Tuesday, gold fell by Rs 1,049 to close at Rs 48,569 per 10 gram in the Delhi Bullion Market. In the previous trading session, the price of gold was Rs 49,618 per 10 grams.
In the international market, gold lost a loss to $ 1,830 an ounce while silver remained almost unchanged at $ 23.42 an ounce. Angel Broking Deputy Vice President Anuj Gupta said that gold has broken 49 thousand low.
There is a sharp improvement in the economies of the world including India and America. Experts say that in case of an economic boom, investment related to shares is more beneficial. In such a situation, now investors are giving preference to shares more than gold. The fall of gold has also been strengthened by this.