Gold Price Today, 7 July 2021: Gold cheaper by Rs 8,500 from record highs, right time to buy?
Zee News
In 2020, investors flocked to bullion exchanges after the stock market crashed due to the COVID-19 led economic disruption. As a result of high demand, the prices of 10 grams gold on MCX in August 2020 had reached their highest level of Rs 56,191.
New Delhi: In the past few weeks, gold prices have witnessed a drastic fall. From crossing the Rs 49,000 mark, the per 10-gram prices of the yellow metal have retracted to Rs 47,000 levels. On Wednesday (July 7), per 10-gram gold prices were trading relatively flat on the Multi Commodity Exchange (MCX) at around Rs 47,686. While the prices are a little high from the last week, it could still be a great opportunity for investors planning to add gold to their portfolio, as experts are hoping that the yellow metal’s rates are likely to increase in the coming months. Day Gold (MCX August Futures) Monday Rs 47299/10 gramsMore Related News