Before the season of weddings, the rise in gold started again, buy now or will it fall?

Commodity market experts say that gold is in this time range due to Ukraine Crisis and Federal Reserve’s interest rate hike. Wedding season has arrived. In such a situation, the demand will increase, due to which there will be a new beginning of the rise in the price of gold.

Publish Date – Apr 10, 2022 9:19 am IST

Amid the action of the US Federal Reserve on interest rates and the Russia-Ukraine crisis, the gold rate has been in a certain zone for the past few weeks. When the Federal Reserve talks about raising the interest rate, the demand for gold decreases and there is a fall in the price. On the other hand, due to the escalation of Ukraine Crisis, there is panic among investors and demand increases, due to which the price starts rising. Wedding season has started. In such a situation, there is an increase in demand, whose effect is also visible on the price. The big question here is what should investors do in gold.

On the domestic commodity market MCX, this week gold rose by Rs 202 to close at Rs 52099 per ten grams.  Gold for delivery in August rose by Rs 171 to close at Rs 52338 per ten grams.  In the international market, gold rose by $ 10.60 this week to close at the level of $ 1948.40 per ounce.  Silver closed at Rs 67032 per kg on MCX.  In the international market, silver closed at the level of $ 24.90 per ounce.

On the domestic commodity market MCX, this week gold rose by Rs 202 to close at Rs 52099 per ten grams. Gold for delivery in August rose by Rs 171 to close at Rs 52338 per ten grams. In the international market, gold rose by $ 10.60 this week to close at the level of $ 1948.40 per ounce. Silver closed at Rs 67032 per kg on MCX. In the international market, silver closed at the level of $ 24.90 per ounce.

Commodity market experts say that gold is in this time range due to Ukraine Crisis and Federal Reserve's interest rate hike.  Wedding season has arrived.  In such a situation, the demand will increase, due to which there will be a new beginning of the rise in the price of gold.  In the domestic market, gold can easily reach the level of Rs 53500 in the short term and 56000 per ten grams in the medium term.

Commodity market experts say that gold is in this time range due to Ukraine Crisis and Federal Reserve’s interest rate hike. Wedding season has arrived. In such a situation, the demand will increase, due to which there will be a new beginning of the rise in the price of gold. In the domestic market, gold can easily reach the level of Rs 53500 in the short term and 56000 per ten grams in the medium term.

In a report published in Mint, Religare Broking Vice President Sugandha Sachdev said that the Federal Reserve may increase the interest rate by half a percent in the next meeting.  This will increase the pressure on the price of gold.  The pressure on the Federal Reserve to raise the interest rate has increased amid record inflation.  This will have a negative impact on the US economy and the global economy.  Any slowdown in growth will have a negative impact on gold investments in the long run.

In a report published in Mint, Religare Broking Vice President Sugandha Sachdev said that the Federal Reserve may increase the interest rate by half a percent in the next meeting. This will increase the pressure on the price of gold. The pressure on the Federal Reserve to raise the interest rate has increased amid record inflation. This will have a negative impact on the US economy and the global economy. Any slowdown in growth will have a negative impact on gold investments in the long run.

In the coming time, many factors will affect the price of gold.  How the geopolitical situation remains, it will have an impact on the price of gold.  If Western countries, including America, impose any new sanctions on Russia, then the fuel crisis will increase, which will boost inflation.  In such a situation, the price of gold will increase.  Even if the dollar rises, the pressure on gold will increase.  This week the dollar index closed at the level of 99.84.  100 is a psychological level.

In the coming time, many factors will affect the price of gold. How the geopolitical situation remains, it will have an impact on the price of gold. If Western countries, including America, impose any new sanctions on Russia, then the fuel crisis will increase, which will boost inflation. In such a situation, the price of gold will increase. Even if the dollar rises, the pressure on gold will increase. This week the dollar index closed at the level of 99.84. 100 is a psychological level.

Anuj Gupta of IIFL Securities said that there is a barrier at $1950-60 for spot gold in the international market.  There is also a strong support at the $1870 level.  If it breaks the level of $ 1960, then it will easily cross the level of $ 2000 in the short term.

Anuj Gupta of IIFL Securities said that there is a barrier at $1950-60 for spot gold in the international market. There is also a strong support at the $1870 level. If it breaks the level of $ 1960, then it will easily cross the level of $ 2000 in the short term.






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