Any prediction on Gold & Silver price?
Gold came in the international market at $ 1,724
Talking about the international market, gold is trading at USD 1,724.77 an ounce and silver at USD 18.58 an ounce.
On the first trading day of the week i.e. today, Monday, there has been a fall in the prices of gold and silver.
How much decrease gold & silver price?
Source Commodity & Currency Financial Magazine
The decline may continue in the coming days
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities said that interest rates have increased across the world including the US, Europe and India. This cycle may continue further. In such a situation, the purchase of gold for investment decreases. In any case, the dollar becomes expensive when interest rates rise, due to which the price of gold appears lower. Due to this, in the coming days also, there may be a further fall in the price of gold and it can come to 49 thousand rupees.
Inflation is supporting the dollar instead of gold
Manoj Jain, Director and Commodity and Currency Head, Prithvi Fin Mart said that inflation is supporting the dollar instead of gold. The Fed continues to raise interest rates as the US inflation rate reaches 8.5%. This strengthens the dollar index. As a result the price of gold is not increasing.
