Good News! Gold rates dip to one-year low, know what causes fluctuation in prices
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low.
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Updated: Mar 6, 2021, 12:19 PM IST
If you are fond of gold jewellery then this is the best time to invest the yellow metal. The price of gold has retreated to a near one-year low. On Friday (March 5), local gold futures fell to Rs 44,217 per 10 grams, a trough since April 7.
The price of one gram of 22-carat gold on Saturday declined to Rs 4,343 from Rs 4,390. The further dip in the prices of precious metal has taken rates to more than 10-month lows. In global markets as well, gold continued its southward trend with prices falling.