The rate of Gold is hovering around Rs48000 per ten grams. Gold and silver prices today edged lower in Indian markets today amid a slide in rates of precious metals in global markets.
On MCX, gold futures skidded 0.56% to ₹47549 per 10 gram, extending losses to the fourth day. In four days, gold has lost nearly Rs2000 per 10 gram amid a slide in global rates and import duty cut announced in Budget 2021.
Silver futures today declined 1% to Rs67,848 per kg.
While the rates of Petrol and LPG has gone up considerably in the country, the Gold rate has come down by Rs 2000 which is significant. A lot of changes are expected in the market scenario in the coming days.
There are no auspicious days and people are not coming forward to purchase the Gold at this point in time. From 13 to 16nth the days are considered to be good in February and people may go for the purchase of Gold and silver it is reported.
The Gold rate is again expected to go up during the festival and the marriage seasons.
