Gold at three-month low

If we look at the price of gold, at the beginning of March 2022, the price of gold had reached close to 55 thousand rupees. At the same time, now gold has again reached close to 50 thousand. Those people who have been waiting for a fall in the price of gold for a long time can get the benefit of this fall in the price of gold. If the jewelers are to be believed, the price of gold will increase in the coming days. In such a situation, this is a good opportunity to make jewelry. The fall in the price of gold in the wedding season is attracting a lot of people.

Gold Rate on MCX

If we look at the prices of Multicommodity Exchange (MCX) on May 18, then on Wednesday, the price of 24 carat purity gold is trending at Rs 49889 per 10 grams. At the same time, the rate of gold opened at Rs 50120 on the exchange in the morning, but with the rise of the market, the price started falling. Due to the dominance of selling, the price of gold started showing a decline of 0.57 percent and gold has come below 50 thousand.

Today’s rate of gold from 24 carat to 14 carat

According to the website of India Bullion and Jewelers Association, there was a fall in the spot price of gold on Wednesday. 24 carat pure gold became cheaper by Rs 296 per 10 grams and opened at Rs 50297.

Gold became cheaper by Rs 5829

If you compare the price of gold, then in August 2020, the price of gold had reached its highest level of Rs 56264 per 10 grams. The biggest rise in the price of gold was ever. However, since then the price of gold has been falling continuously. The price of gold is selling cheaper by Rs 5829 from its all-time high Rs 56264. On the other hand, if we compare the price of silver, then its price has become cheaper by Rs 15039 per kg from its highest price two years ago.

how to identify pure gold

Let us tell you that 24 carat gold is the purest gold. It has 99.99 percent purity. No other metals are mixed with gold in this. Its color is bright yellow. 24 carat gold is the most expensive. However, 24-karat gold jewelery is not made, as it is very malleable, due to which the jewelery does not last. 24 carat gold is used to make coins and bars.

Waiting for Jailvers

Jewelers are very happy with this fall in the price of gold. There is already a lot of slowdown on this sector due to Corona. In such a situation, people are hesitant to buy gold due to the high price, but due to the fall in the price, jewelers are hopeful that people will show interest in buying jewelery again.

good investment opportunity

If market experts are to be believed, then this is a good investment opportunity with the purchase of gold. The price of gold is expected to rise in the coming days. In such a situation, the investment made in gold now will give profits later. At the same time, the reduced price of gold in the middle of the wedding season is attracting people.