The good news for those who invest in gold is that the price of Sovereign Gold Bond is also lower this time than last time.

Lucknow. Gold, considered the safest investment, has fallen below its highest level of Rs 2,400 on January 31. On January 31, the price of 24 carat gold in Lucknow market was recorded at Rs 52,300 per ten grams. According to Goodreturn.Com, gold became the most expensive on the fifth of January. Its price reached Rs 54,700 per ten grams that day. According to market experts, the time is right for investing in gold. The Reserve Bank of India is launching the 11th series of Sovereign Gold Bonds on February 1. It is also cheaper than the previous series. Many investors in Lucknow are excited about this.

Price dropped to Rs 3700 in January

If you assess the month of January, then in Lucknow, 24 carat gold started at Rs 53,300 per ten grams and 22 carat gold started at Rs 48850 per ten grams. After that, the brightness of gold increased and it reached the price of Rs 54,700 on January 5. But after this its rate fell and on January 17 it fell to Rs 51,500 per 10 grams, meaning a fall to Rs 3700. However, later the gold market recovered somewhat and on January 21, the price of 24 carat gold rose to 52800 rupees.

Sovereign gold bond is also cheaper, this is the price

The good news for those who invest in gold is that the price of Sovereign Gold Bond is also lower this time than last time. The price of SGB issued between January 11 and January 15, 2021 was 5104 per one gram, which is now Rs 192 cheaper. Now from February 1 to February 5, the price of the eleventh series of SGB to be released by the central government by the central government has been fixed at 4912 per one gram.