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Gold Price Today, 20 April 2021: Gold is getting 9000 rupees cheaper! Gold prices fall again today

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Gold Price Today, 20 April 2021: Gold futures have now stabilized near Rs 47200 per 10 grams. On Monday, gold closed with heavy fluctuations. Silver recorded weakness on Monday. In the bullion market, gold has become expensive by Rs 1000 in a week.

Gold, Silver Rate Update, 20 April 2021: Gold and silver prices continued to rise this week as well. However, gold closed with a slight change on Monday. Rates are still above 47200. Silver, however, showed a softening of Rs 300 on Monday.

MCX Gold: Gold futures on MCX closed up just Rs 60 on Monday, but in intraday gold touched a level of Rs 47850 per 10 grams and slipped to 47280. That is, trading was seen in the range of 550 rupees. Today gold is seen trading with a slight decline. It has a weakness of Rs 140 and it has come in the range of Rs 47250. When compared to Tuesday of last week, gold is expensive by Rs 275 in a week.

The gold move last week (April 12-16)

Day gold (MCX June futures)

Monday 46419/10 grams

Tuesday 46975/10 grams

Wednesday 46608/10 grams

Thursday 47175/10 grams

Friday 47353/10 grams

Gold move two weeks ago (April 5-9)

Day gold (MCX June futures)

Monday 44598/10 grams

Tuesday 45919/10 grams

Wednesday 46362/10 grams

Thursday 46838/10 grams

Friday 46593/10 grams

Gold is cheaper by around Rs 9000 from the highest level

Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken up to 25 percent, gold is trading at MCX at the level of Rs 4720 per 10 grams, which is still getting cheaper by about 9000 rupees.

MCX Silver: As far as silver is concerned, the silver may futures closed on Monday with a very volatile session. Silver reached the level of 69380 intraday, also fell to Rs 67,955. Today there is a strong strength in silver, it is trading at the level of 68400. Silver became costlier by Rs 2500 per kg last week. While the rate of silver has increased by Rs 3800 per kg in two weeks.

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The silver move last week

Day Silver (MCX – May futures)

Monday 66128 / kg

Tuesday 67656 / kg

Wednesday 67638 / kg

Thursday 68540 / kg

Friday 68684 / kg

Silver move two weeks ago

Day Silver (MCX – May futures)

Monday 64562 / kg

Tuesday 65897 / kg

Wednesday 66191 / kg

Thursday 67501 / kg

Friday 66983 / kg

Silver cheaper by Rs 11580 from its highest level

The highest level of silver is Rs 79,980 per kg. According to this, silver is also cheaper by 11580 rupees than its highest level. Today, May futures of silver are trading at Rs 68400 per kg.

Gold and silver in the bullion market

According to the India Bullion and Jewelers Association ie IBJA, gold and silver are becoming increasingly expensive in the bullion market. On Monday, gold sold at Rs 47592 per 10 grams in Sarafa Bazar, gold was sold at Rs 47,169 on the first Friday. Like, silver is also up in the bullion market, the rate of silver on Monday was Rs 68894 per kg. Whereas on Friday, the rate was 68810 rupees.

From last Monday to this Monday, during the week, gold has become expensive by Rs 1047 per 10 grams in the bullion market. Last Monday, the gold rate in the bullion market was Rs 46545. Similar, silver has also become more expensive by Rs 1700 in a week.

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