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Gold Price Today: Will gold reach 40 thousand rupees in the next few months, know the latest price

Gold Price Today: In the last three months, the gold price has fallen by up to 8000 rupees.

Gold Price Today Latest News: Gold prices are declining rapidly. In such a situation, there is a growing rush for people shopping for gold shopping. The way gold is becoming weaker, it seems that in the next few months, the price of gold can reach 40 thousand rupees. If you are also planning to buy gold at this time, then it may be beneficial for you to shop a little.

Let us tell you that gold reached its highest price in August. In the first week of August, the price of gold was above 56 thousand rupees per ten grams, but from the second week its price started to decline. The highest fall in gold prices was recorded in November. This month, gold has become cheaper by more than four thousand rupees. In the last three months, gold prices have fallen by up to Rs 8000.

In the first two weeks of November, there was definitely a slight rise, due to the high demand during Dhanteras and Diwali, but within ten days after Diwali, the price of gold fell by three thousand rupees. A big reason for the fall in the price of gold is the surge in the stock market. The cases of corona virus infection are continuously decreasing due to which the economic situation is improving and the market is once again completely free from the influence of lockdan. The good news of the Corona Virus vaccine is also showing a continuous difference in the price of gold.

On Friday, gold closed marginally lower by Rs 43 to close at Rs 48,142 per 10 grams in Delhi Bullion Market. The price was Rs 48,185 per 10 grams in the previous trading session. Silver also declined by Rs. 36 to Rs. 59,250 per kg. Due to strong spot demand, traders bought fresh deals, due to which gold rose by Rs 100 to Rs 48,617 per 10 grams in futures trade on Friday.

On the Multi Commodity Exchange, the price of gold futures delivered in December rose by Rs 100, or 0.21 per cent, to Rs 48,617 per 10 grams. It traded for 1,895 lots.

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