Gold price fell to Rs

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New Delhi, Saturday 25 November 2020

Gold and silver prices have fallen sharply in India in the last two days. Gold prices fell to Rs 2,000 in three days, the third consecutive trading session on Wednesday, gold and silver prices fell. On the MCX, gold futures fell 0.21 per cent to Rs 48,485 per 10 grams while silver futures fell 0.16 per cent to Rs 59,460 per kg. Gold futures had lost Rs 900 in the previous session while silver had lost Rs 1,600.

According to experts, gold ETF holdings have declined by 1 million ounces this month. This indicates that investors are gradually reducing their holdings. Gold prices may still fall in the near future.

These experts say that gold prices have fallen more than expected. Behind the decline is the news of the corona vaccine. This is because the economic recovery around the world will accelerate once the corona vaccine arrives. So the ongoing safe investment demand for gold will decrease.

Gold prices could still fall - Gold ETF holdings fell 1 million ounces this month, according to experts. This indicates that investors are gradually reducing their holdings. Gold prices may still fall in the near future.

On the other hand noted a general rise in gold prices in global markets; Came. However gold has been around its lowest level in the last four months. Gold spot in international markets rose 0.1 per cent to 1, 1,809.41 an ounce. Gold has found support due to the weak dollar. Gold traders are waiting for the minutes of the US Federal Reserve meeting. The Fed's minutes will be released late tonight.

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