News India Live, Digital Desk: Gold Rate Today: After continuous height touching, there is now a huge decline in gold prices. Since April 22, gold prices have fallen from a record height to Rs 6,878. This sudden decline for investors has created difficulties.
Why did gold fall?
The stability of the international markets and the changed strategy of investors are the main reasons behind the decrease in gold prices. Earlier, due to uncertainty in the market, investors were attracted towards gold as a safe investment option, causing both gold demands and prices increase rapidly.
Now that stability has returned in the global economy, investors are investing in the market by withdrawing the amount invested in gold. Due to this, gold prices are constantly falling.
Gold was expensive due to Trump’s tax policy
After about ten years, the number of investors in gold increased by about 7 percent. The main reason for this was reciperoching tax imposed by former US President Donald Trump on various countries. These taxes created an atmosphere of instability in the global market, and investors had chosen gold as a safe alternative.
Now market conditions are becoming normal
In recent times, the tax policies of Trump administration have softened, which has brought back the stability of the market. In such a situation, investors are returning to places like the stock market after recovering profits from gold, which has reduced the prices of gold.
Gold had reached one lakh rupees
Gold prices were at a historic level on 22 April 2025. On that day, the price of gold including GST in the Indian market went above one lakh rupees per 10 grams for the first time. On the same day, gold on MCX was also very close to about one lakh rupees (Rs 99,358 per 10 grams). In the international market, gold reached a level of about $ 3500 an ounce.
What is the current situation?
After the recent decline, gold prices fell from Rs 99,358 to Rs 92,480 per 10 grams (MCX closed on 16 May, Friday). On Friday, gold declined by Rs 689, ie decreased by 0.74 percent in a day.
This week, the lowest price of gold was Rs 91,615 and the highest level was Rs 93,550 per 10 grams. According to experts, gold prices can be seen between Rs 88,000 and Rs 96,000 in the coming days.
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