Gold Price Today 30-03-2021: Gold price has fallen to Rs 792 per 10 grams on Multi Commodity Exchange (MCX) today. The latest price of gold on MCX is Rs 43,850 (April expiry contract), which is Rs 792 per 10 grams less than the previous day.
Gold Price Today 30-03-2021: Gold price has fallen to Rs 792 per 10 grams on Multi Commodity Exchange (MCX) today. The latest price of gold on MCX is Rs 43,850 (April expiry contract), which is Rs 792 per 10 grams less than the previous day. According to commodity market experts, this fall in the price of gold has come on April 5 due to April contract expiry and increase in US bond yield.
On Monday, gold MCX futures slipped below 44,000. During this time, gold also touched an intraday low of Rs 43320 per 10 grams. However, on April futures of gold on MCX, there is a slight strength of 250 rupees, although the price is still below Rs 44,000.
Anuj Gupta, Vice President of Commodities and Currency Trade at IIFL Securities, while talking on the Gold Price Outlook, said, “This crash in the gold price is due to the rapid arrival of April contract expiry and a slight rise in US bond yields.” . Overall in their positions from the April gold contract to the June gold contract, the gold price has a strong sport at $ 1,700 an ounce level and is expected to remain a strong sport for the gold price in the international market. ”
Gold is Rs. 12400 cheaper than the highest level
Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken up by 25 percent, gold is trading at MCX at a level of Rs 43800 per 10 gram, which means that it is getting cheaper by about Rs 12400.
MCX Silver: There is also a buying opportunity in silver. On Monday, silver had a weakness of 646 rupees per kg, which continues even today. May futures of silver on MCX are trading at Rs 63880 per kg with a weakness of Rs 300 today. On Monday last week, silver was at Rs 66331 per kg, during the week, silver has been broken by more than Rs 2200.
Unveiling the various levels that gold investors keep in mind, according to Amit Sajeja, Vice President, Researcher – Motilal Oswal, “One can deposit gold at a large price of gold, as the price of gold is Rs 45,500 to Rs 45,600 per Is higher than the level of 10 grams. It will soon reach the level of Rs 48,000 per 10 grams. “
