Gold Price Today: Gold became cheaper for the third consecutive day!

Today, gold is declining for the third consecutive day. Gold closed at Rs. 50,526 per 10 grams on Tuesday. Gold fell this morning to open at the level of Rs. 50,270 per 10 grams (Gold Price Today). In early trade itself, gold also touched a minimum level of Rs 50,034 per 10 grams. At the same time, gold could not be reached above its opening price.

Last month, on August 7, gold touched an all-time high in the futures market and the price per 10 grams rose to Rs 56,200. At the same time, on Thursday, gold closed at Rs 50,286 per 10 grams level. That is, since then gold has fallen by Rs 5,914. Silver has also broken down to Rs 16,000 from its all-time high of 7 August.

A major reason for the fall in gold is the strengthening of the rupee in the last 2 months. Now the rupee has strengthened to Rs 73-74 per dollar, which weakened to Rs 76-77 per dollar a few months ago. If the dollar strengthens again, gold will be strengthened again in the long term and the dollar is going to be strong again. That is, gold can reach 60-70 thousand rupees per 10 grams by next year.