Gold: The right time to buy gold has arrived! The price has dropped by ₹13,000 from its peak, find out the new rate...

The price of gold has fallen significantly recently. Gold has fallen by approximately ₹12,700 from its peak level. This decline has worried investors who were taking advantage of rising gold prices until a few weeks ago. Gold prices have fallen from an all-time high of ₹1,32,294 per 10 grams to approximately ₹1,19,351, a decline of approximately 9.7%.

Gold for December 5 delivery on MCX closed at ₹1,19,646 in the previous session and opened flat at ₹1,19,647 today. In early trade, it reached a high of ₹120,230.00 and a low of ₹119,351.00. At 12:10 pm, it was trading at ₹1,20,187, up ₹541. Silver rose by ₹1,633 to reach ₹1,45,975 per kg.

Why is the decline occurring?
Gold prices are currently fluctuating. Major global developments have created uncertainty in the market. International gold prices have fallen below $4,000 per ounce, and silver below $47. Experts say that there are signs of easing trade tensions between the US and China, which has slightly reduced demand for safe-haven assets like gold. The market is also awaiting the Federal Reserve's decision on interest rates this week.

This decline isn't limited to international markets. Gold futures in India also saw pressure. On Tuesday, the December gold contract on MCX closed at ₹1,19,646 per 10 grams, a decline of 1.08%. During trading, gold had once fallen to ₹1,18,450, but later recovered slightly.

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