Gold price in India has declined dramatically a day before Dhanteras. The festival of Dhanteras is considered an auspicious occasion for purchasing precious metals such as gold and silver.
The major drop comes as the price of gold has plunged in the international market. In the last few days, the price of gold has plummeted by Rs 530 per 10 grams.
According to the information on the good returns website, fall in the gold price has occurred in all major cities such as Mumbai, Delhi and others.
However, the gold price climbed in futures trade today as traders opened new positions amid firming spot demand.
According to the MCX India website, gold was trading 0.12% higher at Rs 47,692 per 10 gram on the Multi Commodity Exchange, with a business turnover of 13,548 lots. Analysts believe that
new positions taken by investors contributed to the spike in gold prices.
Gold prices have fallen in the global market. According to reports, spot gold has down by 0.1% to USD 1,781.78 per ounce, while US gold futures have fallen by 0.1% to USD 1,782.80.
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Gold Rate in Jalandhar today
On November 1st, the 22 carat gold rate in Jalandhar is Rs 4503 per gram, and the 24 carat gold rate is Rs 4867.
The price of 8 grams of 22 carat gold is 36024 rupees, and the price of 24 carat gold is 38936 rupees.
In Jalandhar, 10 grams of 22 carat gold costs 45030, while 24 carat gold costs 48670.
Gold Rate in Amritsar today
The current gold rate in Amritsar is 49,320 per 10 grams for 24 carat gold and 45,210 for 22 carat gold.