Gold Prices Drop Before Navratri. |
Mumbai: In the Indian market, whereas shares gained final week, gold costs got here beneath strain. Sensex rose 721.53 factors (0.88 %) in every week. Meanwhile, 24-carat gold fell by Rs 230 per 10 grams.
Weekly Gold Price Trend
Gold costs fluctuated over the week. On Monday, 15 September, 24-carat gold was Rs 1,10,650 per 10 grams. Prices dropped to Rs 1,09,530 by 18 September however recovered barely to Rs 1,10,420 on Friday, 20 September.
Silver Prices Remain Strong
Silver costs additionally moved sharply. On 15 September, 1 kg silver was Rs 1,29,350. It fell to Rs 1,26,770 by 17 September, however then gained, reaching round Rs 1,30,040–Rs 1,30,050 on 19–20 September. Industrial demand is supporting silver.
MCX Gold Price Trend
On MCX, gold costs adopted an analogous sample. 10 grams of 24-carat gold was Rs 1,10,179 on 15 September and fell to Rs 1,09,052 by 18 September. Prices rose once more to Rs 1,09,847 on 19 September. Prices are influenced by international elements, home demand, import obligation, and forex change charges.
Festive Demand Boost
With the pageant season approaching, demand for gold is anticipated to rise, which can help costs within the coming weeks.
