Gold prices hit one other low after gold futures fell to Rs 44271 at day’s low on Friday, near a one-year low of Rs 44,150 they touched earlier in the week.
After the current correction, gold is down about Rs 12,000 from report highs of Rs 56,200 hit in August final 12 months. Even in comparison with the beginning of this 12 months, gold is down about Rs 6,000 per 10 gram.
On weekly foundation, gold shifting at a decrease vary between Rs 44,700 and Rs 44880. At the start of the 12 months 2021, gold was buying and selling above Rs 50,000 per 10 grams, as in comparison with April futures of gold which is at Rs 44,700, making gold cheaper by Rs 5300 per 10 grams in simply 2 months.
Gold’s place this week (MCX April Futures)
Monday: Rs 44218/10 grams
Tuesday: Rs 44857/10 grams
Wednesday: Rs 44792/10 grams
Thursday: Rs 44879/10 grams
Friday: Rs 44713/10 gram (buying and selling in progress)
