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Latest Gold Rate Today: A fall in gold prices has been recorded in the country’s capital today. However, on the auspicious occasion of Dhanteras, gold and silver prices remained at all-time high across the country.
Latest Gold Rate Today : A period of fluctuations is being seen in the prices of gold. In such a situation, once again the price of gold has fallen. After this, it fell by Rs 2,400 to Rs 1,32,400 per 10 grams. Despite this, on the occasion of Dhanteras, huge crowds gathered at jewelery shops across the country for shopping. According to All India Bullion Association, gold of 99.9 percent purity had increased by Rs 3,200 on Friday to reach Rs 1,34,800 per 10 grams. After this, a huge decline was also seen in the price of gold today and it fell by Rs 2,400 to Rs 1,31,800 per 10 grams.
The price of silver also declined
Whereas, if we talk about last year, Dhanteras was celebrated on 29 October. During this period, the price of 24 carat gold was Rs 81,400 per 10 grams, which has increased this time to Rs 1,32,400 per 10 grams. This means that its price has increased by Rs 51,000 in one year.
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At the same time, after a continuous rise in the prices of silver, a decline has been seen for the last two days. On Saturday, the price of silver fell by Rs 7,000 to Rs 1,70,000 per kg. However, before this i.e. on Friday, silver had closed at Rs 1,77,000 per kg.
What is the reason for the fall in prices?
The biggest reason for the continuous decline in prices is weak global signals. This is because investors booked profits after the huge rise.
Silver sold more than gold
Despite the huge prices, silver shone more than gold among the buyers on the auspicious occasion of Dhanteras. There has been an increase of 35 to 40 percent in the sales of silver coins on an annual basis. At the same time, it is feared that the sales of gold may decline by about 15 percent in terms of quantity.
Also read: Gold Rate: Before shopping, know what is the price of gold in your city on the occasion of Dhanteras?
