The price of gold may fall a big decline, before buying, please read this report on gold

Gold Price: Gold prices have now reached their peak and in the next two months it can fall by 12 to 15 percent. No one else has expressed this estimate by Quant Mutual Fund. However, the fund says that gold will still be important for medium and long -term investors.

Gold fall in gold

If you look at the current situation, the price of gold in the retail market on Tuesday was Rs 96,960 per 10 grams. It reached 99,868 after adding GST. But if analysts believe, then these prices can go down significantly in the coming weeks.

Morningstar’s big claim

The US -based financial analyst group Morningstar has made even a bigger claim. He has said that in the coming few years gold priceIt is possible to fall by up to 38 percent.

Prices increased, sales of jewelry decreased

Increasing gold prices have affected the sale of jewelers. According to the India Bullion and Jewelers Association (IBJA), there has been a 30 per cent decline in sales of gold jewelery in India in the last 15 days. The biggest reason for this is a rise of up to 5 percent prices.

Enthusiasm after Akshaya Tritiya

Talking to IBJA National Secretary Surendra Mehta Economic Times, he says that there was a little demand during the first week of May, ie Akshaya Tritiya, because at that time gold had fallen to Rs 92,365 per 10 grams. But after that prices started climbing again and due to this the buyers started retreating.

So why was gold increased?

The reason for recent boom was global economic uncertainty, fear over inflation and geopolitical stress. Trade disputes between the US-China also turned investors towards gold. But now the same factor can work to push the prices down.

Actually, tension between the US and China seems to be deepening again. Donald Trump has accused China of breaking the terms of the agreement. This week, a phone call is being expected between Trump and Chinese President Xi Jinping. The market is closely monitoring this.

Europe also angry

On the other hand, the European Union is pressurizing the US to reduce fees. But the US is proceeding on the plan to impose 50 percent tax on steel and aluminum. Not only this, the US is seeking a hurry on trade proposals from other countries so that the talks can be intensified.

What to do investors?

Quant Mutual Fund suggests that gold should remain in your portfolio, but it would be better to be cautious for the next few months. Those who have bought at high prices, be mentally prepared for the decline.

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