Gold and silver prices have continued to fall since Diwali. This trend is clearly visible across the world and gold prices are continuously falling in the global bullion market. If we look at the prices of gold from Dhanteras on October 18 to October 30, there is a difference of ₹ 10,370. Experts estimate that gold prices will fall further by 5 to 10 percent in the coming days. Investors believe that the yellow metal is near its all-time high and is bound to decline further.
Talking about 24 carat gold, its price reached ₹ 132,780 per tola on October 18. The price of 22 carat gold reached ₹121,710 per tola and the price of 18 carat gold reached ₹99,590 per tola. On October 30, the price of 24 carat gold was ₹122,410 per tola, the price of 22 carat gold was ₹112,210 per 10 grams and the price of 18 carat gold was ₹91,810 per tola.
Dollar is strengthening as a safe haven investment
America is positive about trade agreements with India, Korea and other countries.
Investors are booking profits amid 50% increase in gold prices this year.
After the US Federal Reserve, Japan and the European Central Bank may also cut interest rates.
After the festive season is over, supply has increased compared to demand.
People who had invested in gold at low prices are now selling rapidly.
With interest rates falling in the US, big investors are turning to bonds.
The process of purchasing gold by central banks is also now becoming stable.
The wedding season is starting from November 2, but those who want to buy jewelery may have already done so.
