Business Desk: Gold prices fall on Wednesday, August 7
gold rate today: Today, on Wednesday, August 7, there is a slight decline in gold prices. Gold is trading at Rs 68,918 per 10 grams, a decrease of 0.07 per cent on the Multi Commodity Exchange (MCX). At the same time, the price of silver is seen by 0.12 per cent, which is trading at Rs 79,719 per kg.
Gold and silver prices fall due to weak demand from jewellery vendors
Gold and silver prices fall: Gold prices fell by Rs 1,100 to Rs 71,700 per 10 grams due to weak demand from jewellery vendors in the local bullion market on Tuesday. Gold closed at Rs 72,800 per 10 grams in the last trading session.
According to the All India Bullion Association, silver prices have declined in the fourth consecutive session. Silver closed at Rs 2,200 to Rs 82,000 per kg, while silver was being traded at Rs 84,200 per kg in the last trading session.
Keep these things in mind while buying gold
It is important to take care of some important things while buying gold.
- Buy certified gold: Always buy certified gold with BIS Hallmark. Gold jewelry has a 6 -6-digit hallmark code, called HUID. This code provides gold-carat information.
- Get correct information on the price: Cross-check from different sources to find out the correct price of gold. The weight and price of gold should be checked from many places and do not forget to take bills. Especially during online shopping, check the packaging thoroughly.
Gold and silver prices increase this year
So far this year, gold prices have increased by Rs 5,552 per 10 grams. At the beginning of the year, gold was Rs 63,352 per 10 grams, which has now increased to Rs 68,904 per 10 grams.
At the same time, the price of silver has also increased by Rs 5,049. At the beginning of the year, silver was Rs 73,395 per kg, while now it is trading at Rs 81,736 per kg.