Gold Price today 19-04-2021: Yellow metal off to a good start on first day of week—check gold, silver rates here

Gold and silver prices on Monday opened on contrasting notes on Multi-Commodity Exchange (MCX) on the first day of the week. While gold made a good start of the week, silver saw signs of weakening as it opened below its closing price on Friday. Gold was trading at Rs 47549 per 10 gram, up Rs 196 or 0.41% MCX at 11.15 on Monday, April 9. Meanwhile, silver saw Rs 265 fall and was trading at Rs 68419 per kilogram.  

Gold has crossed Rs-56,000 mark in August 2020 and has been trading around Rs 9000 down from its all-time high.  

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In Delhi on Friday, 24 carat gold was trading at Rs 46, 917 per 10 gram during opening session and closed with marginal gain at Rs 47,169. However, silver saw huge jump in its price per kg as it went on to close at Rs 68,286 after opening at Rs 68,286.

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.  

Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed.

Earlier in March, India's gold imports reached 160 tonnes. It was 471 per cent increase in gold imports as compared to the previous year.  

Meanwhile, experts have been bullish on gold in the long-term and have suggested buy on dips strategy for this precious metal.