Gold Silver Price: Tremendous break in gold price in August, great opportunity to buy silver on festivals

The festive season is about to begin and just before this, a softening is being seen in the prices of gold and silver. Is this a good opportunity to buy gold or silver? What is going on with these two?

The festival of Raksha Bandhan is at the end of August. If you also want to give a gift made of gold or silver to your sister or brother, then this can be a good opportunity for you. Softening is being seen in the prices of gold and silver. Therefore this can be a great investment opportunity. While gold prices have come down to Rs 700 in the last 10 days, a fall in silver prices is also being seen.

On Saturday, the price of 24 carat gold in Mumbai reached Rs 59,510 per 10 grams in the morning. While the price of silver remained at Rs 73,000 per kg. The price of gold in Delhi has reached Rs 59,660 per 10 grams. Whereas in the analysis of 'Indian Bullion and Jewelers Association', the price of gold has further broken down.

Gold broke up to Rs 700 in August

According to the Indian Bullion and Jewelers Association, the price of gold has broken tremendously in the month of August. On August 1, the price of gold jumped to Rs 59,583 per 10 grams. Since then, there has been a steady decline in the price of gold. On August 2, it reached Rs 59,456, on August 3 it reached Rs 59,271 per 10 grams.

After this, the price of gold kept falling continuously in the market on August 10 at Rs 58,902 per ten grams and on August 11 at Rs 58,891 per 10 grams. In this way, within just 10 days, the price of gold has fallen by Rs 700 per 10 grams.

The price of gold with jewelery is so much

Most of the 22 carat gold is used in making jewellery. Its price remained at yesterday's level on Saturday. It remained at Rs 54,700 per 10 grams. This quote is from Mumbai. At the same time, its price is same in Delhi as well.