Big change in gold-silver rate! Know what the expert said, the price will increase or the price will fall

Gold Price: This year gold made investors happy. In the domestic market, gold prices have been jumped by 23 per cent so far, while only 5 per cent has been seen in April. On Friday 11 April, MCX Gold June Futures reached a record level of Rs 93,940 per 10 grams. At the same time, Comex Gold in the international market was traded on an all-time high of $ 3,263 per troy $.

Why is the gold shining?

This time there are many important reasons behind the boom of gold. The biggest reason for this is the fear of trade war. The tariff war between the US and China has stirred the markets. Trump has imposed 125 percent tariff on imports from China, in response to which China has also increased tariffs on American goods. This has increased uncertainty about the global economy, due to which the demand for safe-hevan asset like gold is increasing.

Apart from this, the fall in dollar index is also increasing the price of gold. Actually, the US dollar is weakening, which has made gold more cheaper. The dollar index has come below 100, which is good news for gold. At the same time, gold is also getting support from the possibility of reducing interest rates by the US Fed Reserve.

Will the price increase now?

According to The Mint’s report, experts believe that the glow of gold may remain intact. That is, if you have already purchased gold, then hold it. In addition, new investors can wait for dips (decline). While investing in gold ETF or gold funds as SIP can be a better option.

What is the price of gold and silver in your city

Talking about the prices of gold and silver in big cities across the country, today the price of gold in Delhi is 93,680 per 10 grams. While the gold rate in Mumbai was recorded at 95,670 per 10 grams. In Hyderabad gold price 93,990 per 10 grams, while in Chennai it was trading at 94,120 per 10 grams. In Kolkata and Bangalore, gold prices were 93,720 and 93,920 per 10 grams.

Talking about silver, its price in Delhi was 94,330 per kg, while in Mumbai it closed at 94,490 per kg. Silver prices in Hyderabad, Chennai and Kolkata were recorded at 94,640, 94,760 and 94,360 per kg.

Also read: Trump will recite his decree on Monday for tariff on semiconductor, the tariff has been removed on these products