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Good News! Gold rates dip to one-year low, know what causes fluctuation in prices


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.
(Image Source: File Photo)
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. ....

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Low gold prices spark flurry of activity in India

Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver. Gold futures in India were trading around 46,000 rupees per 10 grams, not far from the eight-month trough of 45,861 rupees touched last week. He added the 50,000-rupee mark is a psychological price barrier for Indian consumers. ....

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India's January gold imports surge 72% y/y to 62 tonnes – government source

India's January gold imports surge 72% y/y to 62 tonnes – government source
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