Gold/Silver Price Today: October futures gold on the Multi Commodity Exchange (MCX) fell 0.22 per cent per 10 grams due to sluggishness in international spot prices.
Gold / Silver Price Today: After a strong jump in the last trading session, today the prices of gold and silver (Gold Silver Price) registered a fall. Gold futures on the Multi Commodity Exchange (MCX) fell 0.22 per cent per 10 grams in October due to sluggishness in international spot prices. At the same time, the price of September futures silver is trading with a fall of 0.25 per cent per kg.Also Read: LIC New Jeevan Akshay Pension Plan for Life Time Annuity Benefits
In the previous trading session, gold had closed with a jump of 0.9 per cent, while silver prices had risen by about 2 per cent.
In global markets, gold prices declined today, but are still trading above the psychological level of $1,800 an ounce. Investors expect the US Federal Reserve to delay reducing its stimulus amid rising cases of the delta corona virus.Also Read: Lic policy bima jyoti deposit rs 737 per month and get 2 lakh after maturity
New price of gold and silver (Gold/Silver Price on 24 August 2021)-
On Tuesday, the price of October futures gold on MCX fell by Rs 103 to Rs 47,481 per 10 grams. In the international market, spot gold fell 0.2 per cent to $ 1,801.78 an ounce.
On the other hand, September futures silver on MCX fell by Rs 156 to Rs 62,771 per kg. In the international market, the price of silver fell 0.5 percent to $ 23.54 an ounce.
Gold’s shine faded sharply in the stock market
After seven consecutive months of net inflows, gold exchange traded funds (Gold ETFs) saw withdrawals of over Rs 61 crore in July. Investors took their money out of Gold ETFs and invested them in equity and debt funds which have given better returns.Also Read: Investments: Rs 150 daily savings, guaranteed in 5 years will be more than 3 lakhs; this is the scheme
Except in February 2020, November 2020 and July 2021, investment in Gold ETFs has been increasing steadily since August 2019. The gold ETF category has seen a steady flow since December 2020. In July this year, a withdrawal of Rs 61.5 crore was seen. This was quite different from the investment of Rs 360 crore in June and Rs 288 crore in May.