New Delhi. There is a continuous fluctuation in the prices of gold in the Indian bullion market. However, at present, if you are thinking of buying gold, then let us tell you that gold is still getting much cheaper than its all-time high rate. If you are thinking of buying gold at the present time, then right now is a great opportunity for you. You can buy gold for much less than the all-time high rate of gold. If we compare today’s price of gold with its all-time high price, then gold of 24 carat purity is still being sold cheaper by more than Rs 4 thousand per ten grams.
What is the price of gold on mcx
According to the data available on the MCX website, there has been a slight increase in the price of gold today. In this morning’s trading on MCX, gold was seen trading with a bullish momentum. Till 8.30 am today, gold for August delivery on MCX was seen trading at Rs 50341 per ten grams with a rise of Rs 234, or about 0.47 per cent.
By 8.30 am today, 6168 lots were traded for gold for August delivery on MCX. Let us tell you that, in the previous trade, gold on MCX had closed at Rs 50107 per ten grams.
Gold is getting much cheaper than the record high rate
Let us tell you that, if you compare today’s rate with the record high level of gold, then today is a great opportunity to buy gold. On the second trading day of the week, that is, Tuesday, there is a good fall in the price of gold. Gold of 24 carat purity is being available today at a price much less than the record high rate.
In the month of August 2020, gold had reached its all-time high rate. In August, 2020, gold had reached its all-time high rate of Rs 55,400 per ten grams. Today if we compare the current price of gold with its all-time high rate, then you will find that gold is being sold cheaper by Rs 5,059 per ten grams today i.e. on Tuesday.