Gold Price Today, 8 July 2021: Gold dips by Rs 200, selling Rs 8,500 cheaper from record highs

Gold became one of the hottest assets last year when stock markets globally crashed due to the fears of an economic downturn as a result of the COVID-19 pandemic. 

New Delhi: After showing slight strength in the past few days, gold prices have plummeted on Thursday (July 8). On Multi Commodities Exchange, gold September futures are trading Rs 236 cheaper than yesterday’s closing price at Rs 47,674 per 10 grams, in what could be a golden opportunity for buyers planning to add yellow metal to their portfolios. In the coming weeks, gold prices are expected to rise, and that’s why it could be the right time to invest in yellow metal to rake some gains.  Day             Gold (MCX August Futures) Monday             Rs 47299/10 grams