Gold Price Today: MCX Gold had recently reached the level of Rs 89,796 per 10 grams. But since then it has become a victim of profit booking. Due to which the prices fell by about Rs 2000. After which the rate of MCX Gold came down to the level of Rs 87,785 per 10 grams.
Gold Price Today: There has been a decline in the prices of gold. MCX Gold had recently reached the level of Rs 89,796 per 10 grams. But since then it has become a victim of profit booking. Due to which the prices fell by about Rs 2000. After which the rate of MCX Gold came down to the level of Rs 87,785 per 10 grams. Let us tell you, this MCX Gold prices have seen a rise of 14 percent. In the international market, gold prices have seen a jump of 15 percent this year.
Will the prices rise?
According to experts, the reason behind the rise in gold prices is the guarantee of returns. Also, the increasing tension in Gaza and the possibility of recession in America have helped in increasing the prices of gold. Experts believe that the meeting of the US Fed has also helped in increasing the prices. The US Fed Reserve says that economic growth will remain slow and inflation will increase. The effect of which will be seen on the economy. Experts have advised to bet during the fall in gold prices.
SS WealthStreet founder Sungdha Sachdeva says, “Along with safe investment, the reason behind the rise in gold prices is also the increased tension in Gaza. Apart from this, the concern of recession in America and the possibility of rising inflation due to tariffs has increased the price of gold. Apart from this, the fall in the dollar index has also increased the shine of gold. ”
Some experts say that gold will still remain under pressure. They say that the reason behind this is the strengthening of the rupee. They say that if the rupee strengthens, a fall in gold prices can be seen. He believes that the level of Rs 88000 becomes very important for gold prices.
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