Gold Price Today, 17 February 2021: Gold is getting cheaper for five consecutive days. The decline started from last week is still going on, during this time, April futures of gold on MCX has become cheaper by more than Rs 700 per 10 grams. Gold is trading below Rs 47,000 on MCX.
If you want to buy gold and silver, this may be the right time. Gold prices have also slipped below Rs 47,000 per 10 grams. Gold price on MCX has come to the level of May 2020.
Bullion experts estimate that it will cross Rs 60,000 in 2021. But the April futures of gold on MCX have now slipped below Rs 47,000 per 10 grams. As far as silver is concerned, silver has become cheaper by more than Rs 800 yesterday.
MCX Gold: On Tuesday, MCX’s April futures was trading in a range but with a lead till the first half, but after 6 pm, it suddenly saw a sell-off and it slipped from an intraday high of Rs 47480 to 46682. .
However, there was light recovery in the last hour. Gold price in May 2020 was Rs 46600 per 10 grams. Today, the April futures of gold on MCX opened by Rs 100, down below Rs 46800. This week, gold has become cheaper by more than Rs 450 per 10 grams.
Gold is Rs 9300 cheaper than the highest level!
Due to the previous Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken up to 15 percent,
Gold is trading at Rs 46800 per 10 gram level on MCX, which means that it is getting cheaper by about Rs 9300.
Gold trick this week
Days Gold (MCX April Futures)
Monday 47241
Tuesday 46899
Wednesday 46780
Sleep trick last week
Days Gold (MCX April Futures)
Monday 47839/10 grams
Tuesday 47948/10 grams
Wednesday 48013/10 g
Thursday 47508/10 grams
Friday 47318/10 grams
(Rupees)
MCX Silver: Silver moves also worsened on Tuesday evening. By March 6, the silver futures on MCX were trading above Rs 70,000, but suddenly it declined and it slipped to 68350.
However, after some recovery it managed to close above the 69300. Silver also touched a high of 70864 on intraday. Silver futures of MCX opened today with a strong strength. Silver is trading up by Rs 160 to Rs 69535 per kg.
Silver cheaper by Rs 10,600 from its highest level
Let us tell you that on March 1, on the budget day, the silver futures on MCX had gone up by Rs 74400. But after this there was continuous weakness and on Thursday, February 4, the price had also fallen to Rs 66800 per kg. The highest level of silver is Rs 79,980 per kg. According to this, silver is also cheaper than its highest level by more than Rs 10,000.
Silvermove last week
Day Silver (MCX March Futures)
Monday 70084 / kg
Tuesday 69696 / kg
Wednesday 68926 / kg
Thursday 68492 / kg
Friday 69117 / kg
(Rupees)
Let’s take a look at what is the trend of 10 grams 24 carat gold in four metro cities, according to Goodreturns.in
10 grams of gold (bullion)
City gold price
Delhi 50620
Mumbai 47230
Kolkata 49420
Chennai 48740
Now let’s see what the price of 1 kg of silver is in these four metro cities. According to goodreturns.in
1 kg Silver Price (Bullion)
City silver price
Delhi 70200
Mumbai 70200
Kolkata 70200
Chennai 75000
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