Gold Price Today, 16 July 2021: Gold trading cheaper by Rs 7900 from all-time highs, should you buy?

Gold was trading around at Rs 48500 per 10 grams on MCX, around Rs 100 less than yesterday’s closing rate. 

New Delhi: Gold prices have made a strong recovery in the past few weeks. In early July, 10 grams of gold was trading at around Rs 46,500 on Muti Commodity Exchnage (MCX). However, gold prices breached the Rs 48,000 mark last week. On Friday (June 16), gold was trading around at Rs 48,300 per 10 grams on MCX, around Rs 100 less than yesterday’s closing rate.  The fall in gold prices today could be a wonderful opportunity for investors looking to put their money on the yellow metal as experts are hoping that the rates might increase in the coming weeks.  Gold prices current week