Ahmedabad: Today’s gold price fell by Rs 5,600 per 100 grams. Data on a good returns website suggests the gold rate has come down to Rs 46,500 a 10 gram of 22-carat gold following the drop. In the midst of the festive season, the fall in gold price brings cheers to common buyers.Gold prices rose in the futures market as speculators created new positions amid firm spot demand.
On the Multi Commodity Exchange, gold was trading higher by 0.02 per cent, to Rs 47,300 per 10 grams in a business turnover of 1,652 lots, according to data on MCXIndia website. Analysts said that fresh positions built up by participants led to the rise in gold prices, as per a PTI report.
Gold prices were down in the international market. Spot gold fell by 0.1 per cent to USD 1,767.71 per ounce. The US gold futures dropped by 0.1 per cent to USD 1,768.40.
Rate of gold drops massively by Rs 5,600
