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Gold Price: Since the announcement of the tariff on April 2 by US President Donald Trump, there is a lot of stir in the international market. There is a big suspense in the stock market from turmoil to jewelery market. In such a situation, the question is arising as to why the price of gold is increasing suddenly and how long will this last. Along with this, on Akshaya Tritiya, some market experts have estimated its price to cross 1 lakh, so what should be done before you.
Actually, since the tariff was announced, the price of gold is touching the sky. Gold of more than seven percent has given returns, that is, the bank does not give so much benefit as an interest of year -old. On April 2, the price of gold was Rs 93,750 per 10 grams. It made a new record that day. Later, there was a decline in the price of gold and it went to 90,600 on 8 April. But when a brake was applied on the tariff for 90 days, then its price was increased.
Why is the constantly increasing price?
Between April 8 and April 18, the market opened for about seven days, while the rest of the day was weekly or other holidays. During this time, the price of gold increased by about Rs 7100 per 10 grams and gold reached a record 97,700. Gold broke its old records on April 10, April 11, April 12, April 16 and 17.
Now on April 30, Akshaya Tritiya is with Sahalag and on this occasion, the most jewelry is purchased after Dhanteras. In such a situation, the demand for gold in the Indian market is increasing continuously.
What to do before Akshaya Tritiya?
According to market experts, in the next two weeks gold price I can increase more now, so people are already booking coins and gold biscuits, so that Akshay takes delivery on the day of Tritia. Apart from this, another factor is also to increase the demand for gold that marriages will start in May, so people are trying to shop before the possibility of moving forward.
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