fall in gold price

Due to the slowdown in the global market, the prices of gold and silver have come down on Wednesday. Gold has once again fallen below 53 thousand. The price of gold reached Rs 52552 per 10 grams on Wednesday. Gold futures of 24-carat purity fell 0.69 per cent to Rs 52383 per 10 grams on the Multicommodity Exchange (MCX) on Wednesday. At the same time, the price of silver fell to Rs 68203 per kg.

24 karat to 18 karat gold price

According to the website of India Bullion and Jewelers Association, the price of 24-carat gold has reached Rs 52552 per 10 grams. At the same time, the price of 23 carat gold reached Rs 52342 per 10 grams. At the same time, the price of 22 carat gold reached Rs 48138 per 10 grams. At the same time, the price of 18 carat gold reached Rs 39414 per 10 grams. While the price of 14 carat gold is trending at Rs 30743 per 10 grams.

why gold became cheaper

There has been a decline in the price of gold for the last few days. The International Monetary Fund has projected the growth rate of the global economy to be sluggish, which is affecting the price of gold since then. The IMF has projected the global economy to be 3.6 per cent in the current financial year, up from 3.8 per cent earlier. After which the prices of Brent crude fell by 5 percent and the demand for gold also increased. At the same time, the IMF has also estimated the rise in inflation, after which the demand for gold has become sluggish and the price of gold is seeing a decline.