Gold from record high, today it becomes so thousand rupees cheaper, check the latest rate – Cross Talk India
Gold Rate Today: The price of gold has declined today. On Tuesday, gold has become a bitter after reaching the cross of Rs 1 lakh per 10 grams. Gold on MCX has broken from a record high of Rs 99,358 to Rs 95,457. In this way, gold has become cheaper by Rs 3901 in one stroke. Experts in the bullion market say that gold will fall further. The dollar index is getting stronger. Due to this, gold may soon break up to Rs 91,000. In such a situation, if you are thinking of shopping for gold, then it would be better to stay for a few days.
Gold soon declines 10 percent
Ajay Kedia, MD of Kedia Commodity, told India TV that the price of gold would fall further. Gold can be cheaper by about 10 percent in a month. The reason for this, he said that gold has gained record this year. Now global conditions are also slowly recovering. Investors’ trends have also shifted from gold. Big investors are increasing their investment in cryptocurrency and silver apart from gold. In such a situation, there is no more expectation of gold from here. Yes, silver can become a better investment over a long period. If you see the ratio of gold and silver, then gold always used to double silver. That is, if the price of 10 grams of gold is 50 thousand rupees, then the price of 1 kg silver will be 1 lakh rupees. However, this ratio has been broken by gold. Gold is about 1 lakh rupees. There is also silver around this. They are pointing to a big fall in gold. Therefore silver will be better for investment.
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