There is good news for those who buy gold. There has been a brake on the ongoing rise in gold prices for the last several days. There was a slight decline in gold prices. According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has become Rs 62,630 per gram on Thursday. Earlier the rate of 24 carat gold was Rs 62,646. At the same time, the price of silver remains at around Rs 69,900 per kg.
Rate of 22,20,18 and 14 carat gold
According to the IBJA website, the rate of 22 carat gold is Rs 61,130 per 10 grams, the rate of 20 carat gold is Rs 55,740 per 10 grams, the rate of 18 carat gold is Rs 50,730 per 10 grams and the price of 14 carat gold is Rs 40,400. Per 10 grams.
Gold and silver rates in international market
A decline in the rates of gold and silver is being seen in the international market. 24 carat gold is trading at $ 2,044 an ounce and silver at $ 22.32 an ounce, down 0.34 percent or $ 6.80 an ounce. Monetary policy was issued by the US Fed a few days ago. Since then, the prices of gold and silver have come down from the upper level.
decline in futures market
A decline in the prices of gold and silver is also being seen in the futures market. The price of gold contract for April 05, 2024 is falling by 0.22 percent to Rs 62,388 per 10 grams. At the same time, the contract of silver for March 05, 2024 is down by 0.23 percent at Rs 70,152 per kg. The reason for the fall in gold and silver futures is the reduction in bullish positions.
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