Gold Price Today Drops Below Rs 51,500; Over Rs 4,000 Down in a Week. Time to Invest?

Gold value in India continued to fall on Wednesday. On the Multi-Commodity trade, the yellow steel future dropped 0.29 per cent to Rs 51,414 at 0918 hours on March 16. Following the worldwide cues, the silver value additionally tumbled on Wednesday. The treasured steel value nosedived 0.55 per cent to Rs 67,947 for a kilogram on March 16.

In the worldwide market, gold value remained flat on Wednesday. Investors have been cautious forward of the US Federal Reserve assembly scheduled on Wednesday. Analysts anticipated a rise in rates of interest from the Federal Reserve to include the rising inflation.

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