Gold Price Today, 23 July 2021: Gold trading cheaper by Rs 8700 from record highs, right time to buy?

Gold prices have dropped by around Rs 600 in the ongoing week due to week demand in international and domestic markets. 

New Delhi: Gold prices have been falling continuously in the past week few weeks. On Friday (July 23), per 10-gram prices of gold further plummeted by around Rs 100 on Multi Commodity Exchange (MCX). At present, August gold futures are trading at around Rs 47,500 per 10 grams on MCX.   So far, gold prices have dropped by around Rs 600 in the ongoing week due to week demand in international and domestic markets. Even on Thursday, gold prices were hovering around Rs 47,500 but ended with a slight gain during the end trading hours.  Gold moves this week (July 19-23)