Gold Price Today (12 August): There is a big update for people investing in gold. Gold prices on MCX have recorded a major fall of Rs 1400. Actually, US President Donald Trump has given complete discounts from the tariff to gold. After this decision of Trump, the price of gold on the Multi Commodity Exchange has broken down by Rs 1400 directly from its lifetime high. However, the price of gold is still above Rs 1 lakh per 10 grams.
1,02,250 per 10 grams of gold lifetime high on MCX
On Monday, gold prices with 99.9 percent purity on MCX fell by Rs 1409 (1.38%) to Rs 1,00,389. Whereas, earlier it had reached Rs 1,01,199 during the business. Gold’s life time high on MCX is Rs 1,02,250 per 10 grams and compared to this, the price of gold is less than Rs 1861. After Monday, on Tuesday, on Tuesday, gold started trading in a red mark in futures trading.
After Trump’s announcement, there was a sharp decline in gold promises prices
Donald Trump made a big announcement on his social media account on Monday and said that no tariff of any kind will be imposed on gold. After this decision by Donald Trump, there was a sudden decline in gold futures (gold futures) and its price fell 2.48% to close at $ 3404.70 an ounce.
Gold prices declined in bullion market
On Monday, the price of gold of 99.9 percent purity was lost by Rs 900 to Rs 1,02,520 per 10 grams in Delhi’s bullion market. Whereas, on Friday, it increased by Rs 800 to Rs 1,03,420 per 10 grams of lifetime high. Along with this, gold with 99.5 percent purity also fell by Rs 900 to Rs 1,02,100 per 10 grams on Monday.
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