Gold Price Fall: A Big fall in the price of gold, people rushed to the market to buy immediately

Gold Price Fall: Rising gold prices seemed to stop last week. It became cheaper from international to domestic market. The price of 10 grams of gold on MCX fell by more than Rs 1900. Is this the right time to buy gold? Know here.

Gold Price Fall: If you are planning to buy gold, then this news is special for you. Yes… Gold prices have now crossed Rs 1 lakh. Meanwhile, a relief news has come. There has been a big fall in the price of gold last week. 10 grams of 24 carat gold has become cheaper by more than Rs 1900 on the Multi Commodity Exchange (MCX). Not only in futures trading, but you will also get cheaper gold in the domestic market. For the last few days, there was a continuous rise in the prices of gold, but now this rise seems to be breaking.

What is the rate of 10 grams on MCX?

There was a big decline in the rate of gold on MCX (Multi Commodity Exchange) last week. The price of gold with expiry on October 3 went down continuously. However, on the last trading day of the week i.e. Friday, there was a slight increase in it. Here 10 grams of gold of 999 purity was Rs 1,01,798 on August 8, but on Friday its price came down to Rs 99,850 per 10 grams. That is, in just four trading days, gold was seen getting cheaper by about Rs 1,948. In this way, gold buyers have got some relief last week.

How much did gold become cheaper in the domestic market?

There has been a decline in the price of gold in the domestic market as well. According to the website of the Indian Bullion Jewelers Association (IBJA), the price of 24 carat gold on the morning of August 8 was Rs 1,01,406 per 10 grams, which came down to Rs 1,00,942 by the evening. After this, the decline continued and last Friday its price came down to Rs 1,00,023 per 10 grams. That is, a decline of Rs 919 per 10 grams was seen in a week. However, due to increasing demand in the domestic market, its price still remains above Rs 1 lakh, due to which buyers are sitting with relief as well as hope.

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