Keep the money ready, the price of gold may fall a big decline; Report revealed

Gold Prices: A report by the World Gold Council has revealed that if political and business risk is reduced worldwide, mid -term gold prices may fall. The report stated that if the price of gold is expected to decline further if the US dollar and the treasury yield bounce. The effect of the purchase of gold of central banks and the low demand of common investors can also be seen at its price.

Price was at the lower level in November 2022

Last Friday, gold prices were around Rs 97,511 per 10 grams. Recently, the increase in gold prices in the days has caught the attention of people. On 3 November 2022, the price of gold was at the lowest level of US $ 1,429 an ounce. Then it has increased more than doubled to US $ 3,287 an ounce. That is, there has been an increase of 30 percent CAGR annually in it.

Due to this the price of gold has increased

Gold prices have increased due to continuous purchases of central banks around the world as well as increasing geopolitical and recent trade risks. Together, all these have reduced the negative effects of increase in interest rates of central banks and the reduction in inflation between November 2022 and August 2024. The report also said that the investors became a little cautious due to the recent record breaking boom in the price of gold. People are now afraid that there is no harm.

This was also revealed in the study

The council discovered the tours when gold priceThere was a decrease in this. It was revealed in this study that if the geopolitical and business environment around the world is calm, then the demand for gold can be reduced. Also, if the US dollar is stronger or the treasury yield increases, the pressure on gold also increases. Also, if the central bank relaxes in buying gold and common people also reduce investment in gold, then prices can come down.

Also read:

Did the money of interest come in your PF account? Check the balance in this way in minutes