- विज्ञापन -
New Delhi: Gold and silver prices also fell as the stock market fell by more than 2200 points on April 7. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by ₹ 1929 to ₹ 89,085.
It fell by more than 2600 rupees during the day’s trading, which later recovered about 700. Earlier, the price of 10 grams of gold was ₹ 91014. The price of one kg silver has fallen by ₹ 2,518 to ₹ 90,392 per kg.
There has been a recovery of about 1400 rupees in this too. Earlier, the price of silver was ₹ 92,910 per kg. On March 28, silver had made an all-time high of ₹ 1,00,934 and on April 3, gold had made an all-time high of ₹ 91,205.
Gold price in 4 metro cities and Bhopal
Investors are booking profits in gold
According to Ajay Kedia, Director of Kedia Advisory, gold has given a return of about 17% so far this year, so investors are trying to cover the losses in the stock market by booking profits in gold. Due to this, there has been a sell-off in gold which may continue for a few days. Due to this, gold may come down further in the coming days.
However, gold is getting support due to increasing geo-political tension. At the same time, investment in gold ETF is also increasing. This is increasing the demand for gold. In such a situation, this year gold can cross Rs 94 thousand per 10 grams.
