Gold Price 12 June: Gold Price Dips to Rs 47,275 Per 10 Gram
Gold prices closed at Rs 47,275 per 10 gram. Silver prices have risen by 1.65 percent to Rs 48,165 per kg today.
Domestic gold futures dipped by 0.29 percent on Friday, 12 June, tracking global rates, as the country slowly eased restriction in a phased manner under ‘Unlock 1.0’.
For the past few days, the prices of gold and silver have continued to fluctuate. Today, the gold prices closed at Rs 47,275 per 10 gram. At the same time, silver prices have dipped by 0.97 percent to Rs 48,165 per kg today.
The gold price on Thursday marked a one week high as the US Central Bank on Wednesday projected bleak economic outlooks.
The bank projects that the US economy will shrink by 6.5 percent and unemployment rates to rise to 9.3 percent by the end of the year. This outlook boosting the demand for secure commodities like gold and silver.
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