Mutual fund house Quant has warned investors that gold prices are going to fall drastically. Quant Mutual Funds reported that gold has reached its peak and in the next 2 months the price of gold may fall by 12 to 15 percent (dollars). The Asset Management Company said, “Our medium period and long -term ideas are equally creative and we repeat that a meaningful part of your portfolio should be dedicated to precious metals.”
Crude oil prices will rise in June
The month of June is a seasonal rapid month for crude oil and it is already over a period of decline, but if the risk of rising risk in the emerging markets increases, it can be accelerated. The company’s monthly release states that crude oil prices can rise by 10 to 12%.
How is gold status in futures trading
Let us tell you that the price of gold in futures trading fell by Rs 308 to Rs 97,645 per 10 grams on Tuesday amid weak spot demand. In August, the delivery price fell by Rs 308 (0.31 percent) to Rs 97,645 per 10 grams on the Multi Commodity Exchange (MCX). Experts described weak global signals as the main reason for the fall in gold prices. In international markets, gold futures in New York fell 0.68 percent to $ 3,358.64 an ounce.
What is the price of gold in bullion market
On Monday, the price of gold increased by Rs 330 to Rs 98,930 per 10 grams in Delhi’s bullion market. Whereas, on Friday, the price of gold with 99.9 percent purity was closed at Rs 98,600 per 10 grams on Friday. With this, the price of gold with 99.5 percent purity also increased by Rs 300 to Rs 98,400 per 10 grams on Monday. Apart from gold, the price of silver also increased by Rs 100 to Rs 1,00,100 per kg on Monday.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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