Gold Prices Today: After Opening At Over Rs 44,700, Gold Prices Fell Below Rs 44,519 On Monday

Gold Prices Today: In global markets, gold rates on Monday hiked to $1,708.51 an ounce (0.5 per cent)  after hitting a nine-month low in the previous session.

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Gold prices continues to fall even this week. On Monday 8 March, 24  carat gold opened at Rs 44725 and closed at 44519, becoming costlier by Rs 209.

As far as the price of 23 carat gold is concerned, today it sold at Rs 44341 per 10 grams. At the same time, 22 carat gold has reached Rs 40779 and 18 carat gold has reached Rs 33389 per 10 grams.

Due to weak spot demand, traders cut their deals, due to which gold fell 0.31 per cent to Rs 44,544 per 10 grams in futures trade on Monday. It is estimated that in the coming time its price may go down further. 

In global markets, gold rates on Monday hiked to $1,708.51 an ounce (0.5 per cent)  after hitting a nine-month low in the previous session.

Due to the worldwide corona vaccination and intensification of economic activity, the price of gold has come down. The second reason is the increase in US bond yield. Investors around the world invest heavily in American bonds. Big investors are investing in gold to make bond yields attractive. Therefore, investment in gold has decreased in the international market and this is also a big reason for its prices to come down.

Among other precious metals, Silver opened at Rs 65842 with a gain of Rs 714 per kg today while platinum gained 1.1% to $1,142.60.