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Gold Price Today: Gold Slumps as Rate Drops by ₹1,450; What’s the Forecast Now?

Gold Price Today: Gold fell by Rs 1,450 to Rs 72,200 per 10 grams in Delhi bullion market on Tuesday. In the last trading session, gold closed at Rs 73,650 per 10 grams.

Gold Price Today: There is good news for buyers of gold and silver. The prices of both have fallen sharply today i.e. on 23 April. Gold prices in the local market closed with a decline for the second consecutive day amid weak global trends. The rates of one kg silver have also come down by Rs 2,300/kg and now it is being sold for Rs 81,000. HDFC Securities has given this information.

On Tuesday, gold fell by Rs 1,450 to Rs 72,200 per 10 grams in the Delhi bullion market. In the last trading session, gold had closed at Rs 73,650 per 10 grams.

How much did silver reach today?

Similarly, the price of silver also fell by Rs 2,300 to Rs 83,500 per kg. In the previous trading session, it had closed at Rs 85,800 per kg.

Decline in the price of gold in foreign markets

Spot gold was trading at $2,310 per ounce in the foreign market Comex, which is $55 less than the previous closing price. Along with this, silver was being quoted at $26.80 per ounce with a decline. In the previous close, it had closed at $27.95 per ounce.

Gold may reach Rs 1.68 lakh by 2030

Experts remain optimistic about long-term investment in gold. Citi Research has forecast a surge in gold during the second half of 2024, with gold estimated to reach $2,500 an ounce. However, there may be a temporary drop in prices before the end of the second quarter. Recently, Mahendra Lunia, chairman of Vighnaharta Gold, estimated that gold prices could reach Rs 1.68 lakh per 10 grams by 2030.

It is very easy to know the rate of gold by giving a missed call

It is worth mentioning that you can easily find out these rates while sitting at home. For this, you just have to give a missed call on this number 8955664433 and a message will come on your phone, in which you can check the latest rates.

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