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Gold price slashed by Rs 6087, know latest rates here

Gold price slashed by Rs 6087, know latest rates here

Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold telluridesGold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid alone, which dissolves silver and base metals, a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term ‘acid test’. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold also dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute, this is not a chemical reaction.

 

A relatively rare element,[6][7] gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy. Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after the Nixon shock measures of 1971.

 

In 2020, the world’s largest gold producer was China, followed by Russia and Australia.[8] A total of around 201,296 tonnes of gold exists above ground, as of 2020.[9] This is equal to a cube with each side measuring roughly 21.7 meters (71 ft). The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry.[10] Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, production of colored glass, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

Gold price slashed by Rs 6087, know latest rates here

Gold Price First day Of Navratri 2022: Buying gold in Navratri is considered auspicious. At present, the price of gold in the Indian bullion market has fallen. The price of gold has also declined on the first trading day of the week i.e. Monday. In this sense, you can buy gold on the first day of Navratri today.

New Delhi: Gold Price First day Of Navratri 2022: With Navratri, festivals have arrived. If you are planning to buy gold in these festivals, then this time is going to prove to be very good for you. Actually, at this time gold prices have fallen in the Indian bullion market. The price of gold has also declined on the first trading day of the week i.e. Monday. In this sense, you can buy gold on the first day of Navratri today. Buying gold in Navratri is considered auspicious (Gold price).

What is the price of gold today

The price of gold has fallen in the domestic bullion market today. Gold was trading on MCX at 10.26 am today with a fall. This morning on MCX, the price of gold for delivery in October was seen trading at Rs 49313, down 0.18 per cent by Rs 88. In the previous trade, gold had closed at Rs 49401. During this, business was done in 5758 lots.Gold price last week On Saturday, the last trading day of last week, there was a fall in the price of gold. After the fall in the price of gold in the bullion market on Saturday, the price of 22 carat gold had reached Rs 46,000 per ten grams on Saturday. During this, a fall of Rs 500 was recorded in it. Apart from this, the price of 24 carat gold also saw a fall on Saturday. When the market opened on Saturday, the price of 24 carat gold was Rs 50,200 per ten grams. During this, there was a fall in the price of gold by Rs 530 per ten grams.Gold price slashed by Rs 6087, know latest rates heregold Price against record high price

In the month of August 2020, the price of gold had reached its all-time high rate. In August, 2020, the price of gold had reached Rs 55,400 per ten grams. Today, the price of gold in the market is Rs 49313 per ten grams. If you compare today’s price with its all-time high rate, then you will see that gold has broken up to Rs 6,087 per ten grams.

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