National Chronicle
Business/Economy Top News

Coronavirus: Gold prices fall by about Rs 6500, jewelery gold is so cheap

New Delhi: Due to the global epidemic corona virus, gold prices have been continuously falling for the past several days. If we talk about the highest level, then the price of gold was touching ₹ 45000. But as the outbreak of coronavirus has spread all over the world, the prices of gold and 24 carat gold are gradually coming down. In the last 2 weeks, the price of gold has seen a fall of around ₹ 6500. Let’s know what are the prices of jewelery and 24 carat gold currently.

At present, the purchase of gold and the export of foreign imports have completely stopped. The main reason for this is to seal all flights and borders due to coronavirus. Import and export of each commodity has ceased due to the border seal of foreign and state. Currently the price of jewelery gold is ₹ 39650 per 10 grams. The same pure 24 carat gold is running around ₹ 42000 per 10 gram price. Due to the price of gold being so cheap, the demand for its purchase has not increased among the people. The main reason for this is that fear has arisen in people from the corona virus and people come to the market only to buy essential items.

The corona virus has become a global pandemic and crisis, as it has not yet received proper treatment. Talking about coronavirus patients worldwide, it has been around 3.5 lakhs. There are also cases of death of about 15,000 people, which is a combination of all cases from different countries. Experts say that if the economic slowdown due to coronavirus continues like this, then the price of gold can be seen to fall further. Inflation in Delhi and everyday essential commodities is gradually increasing, but the prices of such items which are not used in daily life are gradually decreasing.

Related posts

Important news for air travellers: Here’s what airlines urge to Supreme Court

Team NC

MOPA urges Finance Minister Nirmala Sitharaman to remove stock limit on oilseeds

Team NC

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More