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January 16, 2021

Gold prices continue to fall, know today’s rates

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New Delhi: After the announcement of corona vaccine, the gold price is declining. Sometimes, if the gold price hikes a little, then it falls again the next day. Even today gold is open with decline. Gold closed at 52,227 on Friday, today it opened at 52,151 with a slight fall of Rs 76 on Monday.

However, it is a matter of concern that as the business of the day increases, the fall in the price of gold is also increasing. In just minutes of opening of the market, there was a time when gold was trading at a high of Rs 52,220 and a low of Rs 52,113. That is, even the highest level could not make up for the decline. Gold and silver prices fell drastically last week after Russia claimed to have made the corona vaccine. However, due to economic slowdown, US-China conflict and weakness in the dollar, the rise in gold and silver is expected to be supported further.

According to commodity experts, the attractiveness of investors towards gold and silver still continues, as the Corona outbreak has not yet been curbed and there is ambiguity in the stock market. Experts point out that investors’ attractiveness towards expensive metals has not diminished, which is why gold futures in the global market fell from a record high of $ 2089 an ounce to 215 to $ 1874, but gold prices at the end of the week 1953.60 an ounce, which is well above the previous record level.

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