Gold and silver price
Gold-Silver Price: In the market where the market saw a boom in the market last week, there was pressure in gold prices. In a week, the market’s major index Sensex closed up 721.53 points, or 0.88%. Meanwhile, gold prices were reduced before Navratri. In a week, the price of 24 carat gold was reduced by Rs 230 per 10 grams. At the same time, the prices of 1 kg of silver have increased.
Gold prices were seen in the last week, on Monday, September 15, 24 carat gold was at Rs 110,650 in the bullion market. But after that, by September 18, it reached Rs 1,09,530. But after that gold again recovered and closed at Rs 110,420 per 10 grams on Friday 20 September.
Gold prices fluctuate
According to data from bullions.co.in, gold prices were good at the beginning of the week. On September 15, on Monday, 10 grams of 24 carat gold was at Rs 1,10,650 in the bullion market. The next day, on September 16, the price fell slightly and 24 carat gold fell to Rs 1,10,620. But after this, the rates of gold decreased for two more consecutive days. 17 and 18 September prices went to Rs 1,10,330 and Rs 1,09,530. But by 20 September, the price of gold came to Rs 1,10,420 by 20 September. The price of gold decreased.
Silver prices stir
There was a lot of stir in silver prices this week. On September 15, 1 kg silver was Rs 1,29,350, which fell to Rs 1,26,770 by 17 September. But after this silver rose and on September 19-20 it reached around Rs 1,30,040-50. The performance of silver was better than gold, because its demand is also increasing in the industry.
Gold condition in MCX
In MCX (Multi Commodity Exchange), a similar trend was seen in gold prices. On September 15, 10 grams 24 carat gold was at Rs 1,10,179, which fell to Rs 1,09,052 by 18 September. But on September 19, it again reached Rs 1,09,847. Gold prices in MCX are affected by global factors, domestic demand, import duty and exchange rate. The expectation of increasing gold demand before the festive season is also supporting prices.