Today, on Saturday 17 May, the price of gold has come down drastically. Price of 10 grams of 24 carat gold is Rs. 94,790 is being spoken. At the same time, the price of 10 grams of 22 carat gold is 12 rupees. 87,200 is being spoken. The price of one kilo of silver is 100 rupees. 98,100 is being spoken. The main reason for the fall in gold prices is global market conditions. Since November last year, the price of gold has come down a drastic decline today. Investors are willing to take risks after the US-China trade agreement. As a result, large -scale investment is coming in the stock market. On the other hand, the price of gold fell to $ 3,188 in the US Comex commodity market. However, last month it reached an all -time high of $ 3,500.
Gold prices are falling, especially when the trade war between the US and China is decreasing and the talks are going on. Senior analyst of Kitco Metals, Jim Wickoff, said investors are ready to take risks due to low trade war between the US and China. The recent US-China trade talks announced a 90-day temporary ban on mutual tariffs.
However, with the increase in the profit of the stock market, the price of gold will also decrease. The advantage of the stock market is related to the gold market. When the stock market suffers a big loss, the price of gold increases significantly. This is because investors are removing their investment from the stock market and putting them in gold, as gold is considered a safe investment asset. When profits are made in the stock market, investors remove their investment from the gold market and put them in the stock market again. In this way prices are fixed. If you look at the values of gold of the previous year, then you will find that this year there has been a lot of increase in them. The price of gold in May last year was Rs 75,000. Currently it goes up to one lakh rupees and gradually decreases. Thousands of gold lovers are eager to buy gold jewelery due to fall in gold prices.
