New Delhi: Last week, gold prices recovered decently. From 46,500 rupees at the beginning of July, gold prices are now approaching 49,000 rupees. On Wednesday (July 14), RS 83 was more expensive than Friday types of closure, 47,972 rupees 47,972 rupees for 10 grams in multi-products exchange (MCX).
However, compared to high values, yellow metals remain cheap at several thousand rupees. This provides a great opportunity for investors to earn money from yellow metal.
Gold price this week
Day Gold (August MCX futures)
Monday Rs.47,972/10 grams (current transaction)
Gold prices last week
Day Gold (MCX August Futures)
Monday Rs 47299/10 grams
Tuesday Rs 47684/10 grams
Wednesday Rs 47910/10 grams
Thursday Rs 47721/10 grams
Friday Rs 47856/10 grams
Gold trading cheaper by around Rs 8300 from record levels
In 2020, due to concerns about the economic downturn caused by COVID19 and the collapse of the public market, stock investors flocked to the gold exchange. With the increase in gold investment, the price of gold has reached a record level.
At some point in August 2020, gold hit the highest level of 56,191 rupees. However, the current trading price of gold is approximately Rs 47,856 per 10 grams. This means that the current trading price of gold is about Rs 8,330 lower than the historical high.