Gold prices have fallen by Rs 7,425 since August, so what will be the next move?

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New Delhi, Saturday 28 November 2020

In the bullion market, 24 carat gold closed at Rs 48829 per 10 grams. On August 7, gold hit a new high of Rs 56,254. Since then, gold prices have fallen by Rs 7,425. Similarly, silver also touched its highest level on 7 August. Since then, silver had touched Rs 76,008 per kg. But on November 27 it was priced at 60069. Silver also declined by Rs 15,939 during the period.

Why is the price of gold falling?

Positive news on the vaccine's response to the Covid-19 epidemic has led to a decline in gold, with experts saying that the recovery in the global economy and easing tensions between the US and China have led investors to abandon gold and move to the stock market in the near future. Prices are unlikely to rise sharply.

What experts say

According to experts, the positive news about the Covid-19 vaccine has led to a drop in prices worldwide, but the price of gold could reach Rs 57,000 to Rs 60,000 per 10 grams. Every aspect should be considered while doing.


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