On Tuesday, the price of gold is seen fluctuating. On MCX, gold for delivery in August opened with a gain of Rs 101 today but declined as the day progressed. At 11.15 am, it was trading at Rs 47752 per 10 grams with a fall of Rs 22. It touched a high of Rs 47,896 and a low of Rs 47,745 in the morning session.
On the other hand, there is a slight decline in the price of silver. Silver for September delivery was trading lower by Rs 27 at Rs 69348 per kg.
Last month, the price of gold had fallen by about Rs 2,700. It had touched a record high of Rs 56,200 per 10 grams in August last year but since then its price has come down by around Rs 8,500. There is a lot of volatility in the prices of gold these days. Recently, with the increase in the cases of Corona, the price of gold was increasing rapidly. But now due to the improvement in the situation of Corona and the strengthening of the dollar, gold is once again declining.