The price of gold today remains largely unchanged and slightly stagnant. Thus what will be the price of gold next. Will it start to rise again as the experts said? Has caused fear of.
Although the price of gold has not changed much in the last few days, it has seen a slight decline for three consecutive sessions. Looking at the dilemma today, will prices still fall today? Or increase?
Is this the right place to buy at a low price? What will the price be like anymore? Can I buy it? Don’t you What is the forecast of experts? What is the next key level? As many questions arise.
Fear of Omigron
Currently the impact of corona is spreading rapidly in more than 90 countries. This has led to fears that tougher restrictions may be imposed in the coming weeks.
With tough lockdown measures already in place in the Netherlands, fears have been raised that further restrictions could be imposed in the United States as well. The central government has suggested that night-time restrictions may be increased due to Omigron, which has also started spreading in India.
So there are fears that this could further affect economic growth.
Why this decline?
Meanwhile the price of gold, a safe haven, is expected to rise in the long run. Anyway American; While interest rates are projected to rise 3 times by 2024, that is expected to change. Meanwhile, the US bond market is showing a slight uptick. This has led to a decline in investments in gold, which is an interest-free investment.
Stock market crash
International stock markets have been declining in recent days. Investments in foreign markets are constantly on the rise, especially due to Omigron.
This is expected to further favor gold.
Rupee depreciates
The Indian rupee continues to depreciate. It has fallen 2.2% so far in the current quarter. Experts expect this to see a further decline. Meanwhile, the price of gold, a safe haven, is expected to rise further.
Comex Gold Price
The price of gold is seen to be slightly lower in the daily candle pattern. However, it is currently up slightly to $ 1,788.85 an ounce. However the low price did not break anything as the maximum price. However medium term investors may buy with a bit of patience
Comex silver price
Like the price of gold, the price of silver has risen slightly. Currently, the ounce is trading slightly higher at $ 22.543. The price of silver is also expected to increase slightly in the medium term. It started a little higher today than the closing price of the previous session. So long-term investors are seen as the right place to go.
MCX Gold Price
Although the price of gold in the international market has risen slightly, the price of gold in the Indian market has declined slightly. It is currently trading at Rs 48,010, down Rs 57 per 10 grams. This is slightly higher today than the closing price of the last session. However the medium term is seen to decrease slightly and then increase.
MCX Silver Price
While the price of gold has fallen slightly, the price of silver has risen slightly. It is currently trading at Rs 61,825, up Rs 20 per kilo. Silver prices started slightly higher today than the closing price of the last session. The lower price, however, did not break the peak price. Thus the medium term is seen to decrease slightly and then increase.
Jewelry Gold Price
The price of jewelry gold is seen to be slightly lower. In Chennai in particular, the price of jewelery gold fell by Rs 17 per gram to Rs 4,537. The same 8 gram has been reduced by 136 rupees to 36,296 rupees.
Prices of pure gold
The price of pure gold in Chennai today is also seen to be declining. It is being sold at Rs 18 per gram, down by Rs 4,950, and the same razor by Rs 144, down by Rs 39,600.
What can you do today?
Although the price of gold and silver may increase in the long run, it is seen that the medium term may decrease slightly and then increase. Similarly, the price of jewelery gold has declined slightly. This too is seen as the perfect place to buy if needed.
