MCX Gold Prices Fell Down- A sight of Relaxation for customers

Gold prices depreciated by 100 Rupees today and has reached to 29850 rupees per 10 grams till yet. Together with the domestic market, prices of gold fell down in Global market also. The metal has risen nearly 20 percent this year as expectations. Due to weak signs from Global market, there was a decrement of demands there in stockist and jewelers. Therefore a downfall is seen in prices of Gold. A good number of customers are expected by the jewelers during this period.

In starting three months of this year, the demand of gold commodity decreased from 39 percent to 116.5 ton.  Furthermore due the strike of jewelers of about 43 days, decrement was seen in gold demands. Comparing to last year prices, this year gold prices were higher as a result of which there was decrease in demands. According to a report, maximum demand was seen in America.The Central bank played the important role in increasing the demands of gold as the bank bought the 109 tons of gold in the first quarter. In Bullion Market, no change was seen in the prices of silver today. Silver is at 41000 per Kg today. Prices of silver coin have also remained unchanged today.