While the fuel rates are going up the Gold prices are coming down further in a slow and steady manner. Today in the Multi-Commodity Exchange (EXX), the gold rate was Rs 44,304 to 10 grams.
The silver rate was quoted at 62,595 per kilo. The rate in Vijayawada and Hyderabad markets the Gold and silver rate is slightly reduced. Today the price of 24 carrot gold has been reduced to Rs.380, per10 grams continues at the rate of Rs 45,110. Now 10 grams of gold of 22 carats fell to Rs 41,350.
The price of a silver kilo in the Hyderabad market is marketed at Rs 68,700. Gold prices are consistent in Delhi’s capital Delhi. 10 grams of gold in Delhi 10 grams of gold is Rs 47,44 and the 10 grams of 22-carat gold are marketed at Rs 43,490.
There is talk that the people, in general, would go for the one gram Gold and the gold-coated silver ornaments in future. The craving for gold will come down slowly according to the astrologers.
According to the market analysts, this is the right time to purchase the gold. As the investments in FDs and markets are not fetching much, it is right to invest in gold store it and sell it later.
That is definitely going to appreciate like the land value.