Gold prices fell in India on Monday, according to data from India's Multi Commodity Exchange (MCX).
Gold prices fell in India on Monday, according to data from India 's Multi Commodity Exchange . Gold price stood at 71,900 India n Rupees per 10 grams, down INR 216 compared with the INR 72,116 it cost on Friday. As for futures contracts, Gold prices increased to INR 71,564 per 10 gms from INR 71,500 per 10 gms. Prices for Silver futures contracts increased to INR 82,617 per kg from INR 82,496 per kg.
Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
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