Gold is cheaper in the wedding season: a big fall in the price of gold, then came below 48 thousand; Rate reduced by 8 thousand rupees from record high

Today i.e. on November 23, there has been a big fall in the price of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), gold has come down by Rs 1,008 to Rs 47,826 in the bullion market. Talking about the futures market, gold was trading at Rs 47,693 with a fall of Rs 230 on MCX at 6 pm.

If we talk about silver, then at 6 pm on MCX, it was trading at Rs 63,450 with a fall of Rs 1,121. In the bullion market, it has become cheaper by Rs 2,048 and has come down to Rs 63,781 per kg.

Gold is currently trading much cheaper than its record high. In August last year, its price had reached Rs 56,200 per 10 grams. It was a record. Right now it is at Rs 47,826. That is, it is getting Rs 8,374 per 10 grams less than its record high.

Ajay Kedia, director, Kedia Commodity, says that there is no big and solid reason for the fall in gold. American Federal Bank has kept interest rates low. This has had an adverse effect on gold, but in the coming days gold can see an increase.