Gold, which is considered the safest option for investment and jewelery, has recently come down from its highest level. In the Indian markets, there is a sharp decline in the price of gold, affecting both investors and customers. The main reason for this decline is being stated to instability in global markets and strengthening of US dollar.
In the last few months, gold prices have seen many ups and downs. However, now it has come down from its peak. In this article, we will tell you why the prices of gold are falling, what are the current rates, and what can be expected further.
Gold price fall: main reason
There are many global and domestic reasons behind the fall in gold prices. The following are some of these major reasons:
- Strength of US dollar: Gold prices are under pressure due to strong dollar because buying gold becomes expensive when the dollar is expensive.
- Global political stability: Recently the Israeli-Lebanese ceasefire agreement and other geopolitical stability have reduced the demand for gold.
- Changes in interest rates: The possibility of the US Federal Reserve keeping interest rates stable or increasing is also affecting gold prices.
- Investors ‘trend: Investors’ focus is now focused on equity market and other assets, which has reduced the demand for gold.
Current gold prices in India (Gold Rate Today)
Gold prices in major cities of India are as follows:
| City | 22 carat (₹/10 grams) | 24 carat (₹/10 grams) |
| Delhi | 78,170 | 80,550 |
| Mumbai | 78,310 | 80,700 |
| Kolkata | 78,210 | 80,600 |
| Chennai | 78,540 | 80,950 |
| Bengaluru | 78,370 | 80,750 |
Why are gold prices falling?
1. Effect of global events
- Russia-Ukraine War and Tension in West Asia had earlier increased the demand for gold. But now the demand has reduced due to the situation being stable.
- Donald Trump’s return and his economic policies in the US have also affected the market.
2. Dollar and interest rate
- Gold becomes expensive in the international market due to a strong US dollar.
- Investors are now giving priority to bonds and other means due to increase in interest rates.
3. Domestic Factors
- The demand for gold has come down after the festive season in India.
- Weakness of rupee is also affecting prices in local markets.
Is this the right time to buy gold?
The right time to buy gold depends on the purpose of every person. If you are looking at it as an investment, then this decline can be a good chance for you. However, experts recommend that the market be slightly stable now and then shop.
Prophecy: What next?
Experts believe that in the coming months:
- Gold prices may be stable, but it will depend on global events.
- Gold prices may rise again if the US Federal Reserve cuts interest rates.
- Gold can perform slightly slower than silver.
Future Rates on MCX
Gold and silver future rates on Multi Commodity Exchange (MCX) are as follows:
- Gold Futures: ₹ 78,451 per 10 grams
- Silver Futures: ₹ 90,957 per kg
Suggestions for investors
- Long -term investors: This time can be suitable for you as prices may increase after decline.
- Jewelry Buyer: This may be the right time if you want to shop for marriage or other opportunities.
- Businessman: Keep an eye on the market as ups and downs may continue.
conclusion
The fall in gold prices has forced both investors and customers to think. However this decline can be temporary as global markets always change.
Disclaimer:
This article is written only for the purpose of giving information. Please consult an expert before making any kind of investment.
