Price of precious metal gold is on decline

Gold prices have fallen in international markets as the dollar strengthens in the currency market. Corona vaccines have been introduced in the country, with newly elected US President Joe Biden announcing plans to revive the economy. News Bloomberg.

Gold prices fell 14 percent in the last week of trading in the United States. At the end of the day, the spot price of gold per ounce stood at 1,845 dollars 80 cents, which is 2.60 cents less per ounce than the previous day. At the beginning of the day, the spot price of gold fell below 1,817 per ounce, the lowest since December 2.

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