News India Live, Digital Desk: New Delhi: If you are making up your mind to buy gold or keep an eye on the price of gold, then today’s news is important for you. After a decline of 5 consecutive days, gold prices have been seen again today. The price of gold has increased by more than Rs 400 per 10 grams.
Recall that some time ago gold had crossed the figure of Rs 1 lakh per 10 grams, but then there was a big fall of about Rs 3,000 in a single day, causing prices to come down. Today prices have improved slightly.
What is the price of gold and silver today? (Today Gold Silver Price)
Today [तारीख डालें, अगर ज्ञात हो] To buy 10 grams of gold with 24 carat purity 97,970 rupees Will have to spend. Yesterday this price was Rs 97,530. That means gold today 440 rupees expensive Has happened
At the same time, there is no significant change in silver prices. One kilogram of silver price like tomorrow 1,00,500 rupees Is built around.
What will happen next? Why are the prices changing?
Gold prices will rise or descend, it depends largely on the events happening around the world. Especially the tussle between the US and China relations affects the gold. According to reports, former US President Donald Trump had said to reduce the tax (tariff) on China, but China has refused to negotiate it. Because of this, there is a kind of silence between the two countries.
Experts believe that:
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If America-China trade war increases: So in an atmosphere of uncertainty, people consider gold to be a safe investment and its demand may increase, causing prices to increase further (expressions can become rockets).
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If the situation improves: So the prices of gold can be soft, that is, prices may be low.
What do experts say? How far can the price go?
The opinion of market experts is divided:
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Some experts believe: If the situation between America and China becomes normal, then gold falls in the next 6 months 75,000 rupees per 10 grams Can also come up to the level of.
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At the same time, Ed Yardeni, president of American financial firm Yardeni Research, says: Economic instability worldwide, US-China stress and dollar weakening is responsible for the recent bounce in gold prices. If these situations remain, then gold can be more expensive. They estimate that by the end of this year, gold can reach $ 4000 an ounce and by 2026 to $ 5000 an ounce. If this happens, the price of gold in India 1,53,000 per 10 grams Can also go until! (Note: Oun is a unit of weight, which is used in the international market.)
How is the price of gold fixed in India?
The price of gold in our country is not decided only with local demand and supply. There is also a direct impact on large markets around the world, such as London and America futures market (COMEX).
The London Bullion Market Association (LBMA) institution sets a standard of gold in the US dollars for the world. In India, the Indian Bullion Jewelers Association (IBJA) ie Sarafa traders’ institution, the institution of India, fixes the gold rate for retailers (shopkeepers) by adding imports and other taxes to the London price.
