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Gold Price Today: Gold prices fell again today, gold has become so cheap

Gold Price Today 25th November 2020: Gold and silver prices continue to decline even today due to the news of fast work coming in the corona vaccine and the rise in the stock market. On Tuesday, gold fell by Rs 1,329 on Tuesday. Today, 10 grams of gold fell by Rs 170 compared to yesterday’s rate. Gold in the bullion market across the country was Rs 48,805. At the same time, the price of silver fell by Rs 68 to Rs 59,636.

Read also: Gold can go below 45 thousand rupees, know why prices are falling

According to the India Bullion and Jewelers Association website (ibjarates.com) on 25 November 2020, the gold and silver spot prices across the country were as follows…

Gold and Silver Morning Rate

Metal November 25 rate (Rs / 10g) 24 November rate (Rs / 10g)

Rate change (Rs / 10g)

Gold 999 (24 carat) 48805 48975 -170
Gold 995 (23 carat) 48610 48779 -169
Gold 916 (22 carat) 44705 44861 -156
Gold 750 (18 carat) 36604 36731 -127
Gold 585 (14 carat) 28551 28650 -99
Silver 999 59636 Rs / Kg 59704 Rs / Kg -68 Rs / Kg

Gold became cheaper by Rs 1,049 in Delhi yesterday

Gold fell by Rs 1,049 to Rs 48,569 per 10 gram on Tuesday in the bullion market amid signs of weakness in the global market and improvement in the exchange rate of the rupee. HDFC Securities has given this information. In the previous trading session, the price of gold was Rs 49,618 per 10 grams. Silver also fell by Rs 1,588 to Rs 59,301 per kg due to selling pressure. In the previous session, its closing price was Rs 60,889 per kg. In the international market, gold lost a loss to $ 1,830 an ounce while silver remained almost unchanged at $ 23.42 an ounce.

Gold prices fall due to these reasons

HDFC Securities senior commodity analyst Tapan Patel said the fall in gold prices was seen in anticipation of the Kovid-19 vaccine and Biden’s preparations to take over as US president.

IBJA rates are recognized nationwide

Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website. When buying and selling gold, you can refer to the rate of IBJA. According to the India Bullion and Jewelers Association, ibja shows the average price of gold and silver from 14 centers across the country by taking a current rate. The current rate of gold-silver or, say, the spot price may be different at different places, but there is a slight difference in their prices.

Read also: Gold Price Today: 10 grams of gold came down below 49000 rupees, know how cheap gold has become

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