The price of gold has been trading largely unchanged over the past few days. It has seen a significant decline at the historic peak last year.
The current year has seen a decline to a six-year low in the current year. Currently the price of gold in the international market is close to $ 1800 per ounce.
The price of gold in the international market has fallen more than 5%. The last one month, however, has remained largely unchanged.
Falling prices of precious metals
Similarly, silver, platinum and palladium prices have declined sharply over the years.
As far as the Indian market is concerned, the price of gold has remained largely unchanged for the past one month.
Things to keep in mind
However with the spread of Omigron, concerns about inflation remain in the market. There are also factors to consider in the US Federal Reserve bond purchase process.
Meanwhile, the price of gold has been trading between $ 1780 – 1920 for the past few days. This is seen as a big change between many factors such as year-end and holidays.
Rs 9000 decline
In the coming week, the value of the US dollar, the bond market, the expansion of the Omigron, concerns about China, and many other factors, including interest rate changes, could weigh on gold.
Last year, the gold price touched Rs 56,200 per 10 grams in the MCX market, falling by Rs 9,000.
Gold prices may fall
Although the price of gold in the medium term remains largely unchanged, experts predict that a number of factors, including the growing economy and rising interest rates, could put pressure on gold prices. However it is also worth noting that in the long run the price of gold may be supported by Omigron.
Gold prices continue to fall .. Great relief investors ..!
No matter what the line-up of Corona and Omigron, our people’s passion and love for gold will never diminish. So much so that people are interested in the gold that Binny has tied to.
This is not just the case with jewelry, but also with gold investments. Are there any advisors today who refrain from using gold in portfolio investments? Because it is also a perfect safe haven.
The basis has not changed, except that the way of investing has changed over time. Thus gold is seen as one of the major investments to date, amidst the confidence people have in it.
Decline for the third day
Gold prices have started falling for the third day in a row in the international market. Will this decline continue in the meantime? How will it be anymore. What is the forecast of experts? What to do next. That’s what we’re going to look at in this post.
The main level is gold
Prices have fallen by 5% so far this year. In this situation it has become a threat to international economic growth, amid widespread Omigron fears. Especially emotionally comes from the feeling that the price of gold could go up if the ounce breaks $ 1800. But the price of gold continues to hover above $ 1800.
Interest free investment
The dollar has appreciated as far as the international market is concerned. Meanwhile, the US bond market is also on the rise. This is expected to lead to a reduction in investments in gold, which is an interest-free investment. This could cause gold prices to slide.
Interest may increase
With so many factors continuing to be against gold, the US economy is on a growth path. As a result, the US Federal Reserve may tighten interest rates next year. This can further strengthen the value of the dollar. This could put further pressure on the price of gold.