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Unique News Online
Sudden decline in the prices of gold on Monday, becomes cheap about Rs 10,000 from its all-time high
Sudden decline in the prices of gold on Monday, becomes cheap about Rs 10,000 from its all-time high Even though today gold price has fallen by about Rs 550, but if we look at the long term, there is a huge fall in gold prices. Gold has become cheaper…
Published
3 years ago on
August 9, 2021 Gold Price Today: Today (09 August 2021, Monday) is not a good day for those investing in gold, but if you are thinking of buying gold, then there is great news for you. There is a big decline in the prices of gold today. On the first day of the week, gold opened with a fall of about Rs 82, and Right in front of the eyes, this fall became more than Rs 550. Last week gold closed at Rs 46,682 per 10 grams and today opened at Rs 46,600 per 10 grams.
On the one hand, there is a strong decline in the price of gold, while on the other hand, the condition of silver is also bad today. On the very first day of the week (Monday), silver is seeing a fall of Rs 290 per kg (Silver price today).
Right in front of the eyes, the fall became more than of Rs 1250. Silver had closed at Rs 65,000 per kg last week, which has opened at the price of Rs 64,710/Kg today. So if you are thinking of buying silver then this is the best chance.
Also Read: Who should invest in CarTrade IPO? Know with Anil Singhvi whether the company’s stock is cheap or expensive
Even though today gold price has fallen by about Rs 550, but if we look at the long term, there is a huge fall in gold prices. Gold has become cheaper by about Rs 10,000 from its all-time high.
In August last year, gold had reached the level of Rs 56,200 and now gold has reached near the level of Rs 46,200 per 10 grams. That is, the price of gold has fallen to Rs 10,000 till now.
How much return has gold given in previous years? If we talk about gold, last year gold has given a return of 28 per cent. Last year also, the return of gold was around 25 per cent. If you are investing for the long term, then gold is still a very safe and good option for investment, which gives great returns. The returns from gold in the past years are in front of you, which shows that investing is a profit.
Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.
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