Price of lotus gold and silver in Indian market on Dhanteras. On Tuesday, 10 grams of gold futures on the MCX index fell 0.18 percent to 47,622. There has been a slight decline in the rupee. Silver futures fell by 0.25 per cent to Rs 64,629 per kg.
Gold traders expect an increase in demand for gold and silver this year on Dhanteras and Diwali as the total number of coronavirus cases in the country is declining. According to him, the price of gold in Dhanteras is lower this time than last time. After hitting a record Rs 56,200 in August last year, the price of 10 grams of gold was hovering around Rs 50,000 during Dhanteras. This time it is much less. In such a situation, gold traders expect that the sale of gold will increase in the environment of Diwali.
Ashish Peth, president of All India Household Council of Gems and Jewelery, told PTI: This year around 40 per cent of the total gold sold will be in October and November. ‘
On the other hand, the price of gold has also declined in the world market. An ounce of spot gold fell 0.2 per cent to Rs 1,69.57. According to experts, the demand for gold from other currencies has decreased due to the strengthening of the US dollar. Meanwhile, the price of silver has also declined. An ounce of silver fell 0.2 per cent to Rs 23.98.
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