Gold Rate: Gold prices have been falling since the festive season. Gold and silver prices had risen significantly during Diwali.
Gold prices were also increasing due to increased demand. Now the wedding season has begun. Gold demand also increases significantly during the wedding season. With gold prices falling, many people are planning to buy now to get it at a lower cost. But is it wise to buy now, or should we wait longer? So, let’s find out if gold prices will fall in the future.
Will the price of gold increase?
Experts say that the price of 24-carat gold could reach ₹105,000 per 10 grams in the near future. The cost of 22-carat gold could fall below ₹100,000 per 10 grams. This will only happen if global stability remains consistent and there are no volatile reports.
Gold prices rise only when global instability increases. During such times, people flock to gold. Gold is purchased from various central banks worldwide. On November 4th, the price of 24-carat gold on the IBJA website was ₹120,419 per 10 grams.
MCX Gold Price + MCX Silver Price
Regarding MCX, no changes were observed today due to Wednesday’s trading closure. Based on Tuesday’s closing price, the MCX December 5th futures contract gold price stood at ₹119,749 per 10 grams. During the session, it reached an intraday high of ₹1,21,160 per 10 grams and an intraday low of ₹1,19,150. Meanwhile, the price of silver on MCX closed at ₹1,45,540 per kilogram on Tuesday.