Gold: Gold falls big before Akshaya Tritiya, know how much price is the price, breathtaking offers for customers
Gold Investment
The price of gold in the national capital declined by Rs 1,000 to Rs 98,400 per 10 grams on Monday amid weak global trend. The All India Bullion Association gave this information. Gold with 99.9 percent purity closed on Thursday at Rs 99,400 per 10 grams. According to the All India Bullion Association, gold with 99.5 percent purity declined by Rs 1,000 to Rs 97,900 per 10 grams, while the previous closed price was Rs 98,900 per 10 grams.
Chintan Mehta, Chief Executive Officer of Abanse Financial Services, said, “The US-China trade tension has increased the risk of investors to risk the risk, which has reduced the demand for safe consciences such as bullion.” While the dollar has increased the pressure on gold has increased. ”
On Friday, China announced that it would exempt some US imports from its 125 percent duty. However, he denied that a formal trade talks were going on.
Meanwhile, the US Federal Reserve officials indicated that they do not see the immediate need to adjust the monetary policy, instead they have opted to monitor the economic impact of the Trump administration fee. This aggressive attitude suggests that interest rates may not be cut in the near future. This will put more pressure on gold. Demand is usually affected when interest rates are high.
Mehta said, “Increasing geopolitical stress can limit the fall of gold. As the risk of war increases and new conflicts arise, investors are attracted to valuable metal. ”Local bullion markets remained closed on Friday due to protests by traders against terrorist attack in Pahalgam, Jammu and Kashmir.
Apart from this, silver prices also fell by Rs 1,400 to Rs 98,500 per kg on Monday. Silver closed at Rs 99,900 per kg in the last session. On the global front, the spot gold broke nearly one percent to $ 3,291.04 an ounce.
Jatin Trivedi, vice president of LKP Securities (research analyst-currency and currency), said, “Gold declined amid the increasing expectations of a possible China-US trade agreement, according to US President Donald Trump,” the US started fee talks with many countries and US President Donald Trump. In addition, the demand for gold as a safe investment has decreased as a safe investment with expectation regarding the potential Russia-Ukraine peace agreement.
Silver, which was in the Asian market, fell 0.2 percent to trade at $ 33.05 an ounce. Senior analyst (commodity) of HDFC Securities, Soumil Gandhi said that this week traders estimate that primarily fees related to fees will be focused.
Gandhi said that on the Cast Economic Front, the release of figures such as manufacturing PMI, GDP and most importantly, American non-agricultural payroll and unemployment rate could affect the bullion market.
Attractive discounts to woo customers
Jewelry vendors are expecting good demand on the occasion of Akshaya Tritiya despite the rising prices of gold and offering attractive discounts on the price of gold and jewelry making fees to woo customers. Akshaya Tritiya is considered auspicious for buying gold. This is on 30 April this year.
Prominent brands like Tanishq, Cenco Gold, MP Jewelers and PC Chandra Jewelers have announced a variety of discounts to take advantage of the opportunity. Anargha Uttia Chaudhary, director of Anjali Jewelers, told ‘PTI-Bhasha’ that we hope that the work on Akshaya Tritiya will be good because consumers in gold are more than ever before.
He said, “To capitalize on the craze of people towards gold, we are offering exemption on making jewelery fee to make shopping experience more exciting for customers.” The price of 22 carat gold in Kolkata is around Rs 9000 per gram, which is more than 30 percent of the previous year.
He said, “If the current scenario continues, gold prices can increase by five to seven percent in the short term. Prices are not visible immediate improvement and the market volatility is expected to continue in 2025. ”Chaudhary urged people to consider the purchase of gold at this time.
Suvankar Sen, Managing Director and Chief Executive Officer (CEO) of Senco Gold, said that there has been a decline in the purchase quantity due to rising prices of gold, but the perception of shopping in the auspicious time is expected to be strong. However, the company is considering several wildfire to maintain affordable prices.
He said, “We are trying to reduce their cost by 25-30 percent to reduce the use of pearls and nasal gold in wedding jewels.” Gold purchases are also getting support from strong investment demand.
According to an Ecra Analytics report, investment in Gold Exchange-Traded Funds (ETF) in February 2025 increased by 98.54 percent to Rs 1,979.84 crore on an annual basis, compared to Rs 997.21 crore in the same month.
During the same period, the net property (AUM) under management for gold ETFs was almost doubled from Rs 28,529.88 crore to Rs 55,677.24 crore.
Gold ETF offers an attractive option for investors who want to invest in gold without complications to purchase gold physically. Investors’ interest in silver is also increasing. According to the Zerodha Fund House, by January 2025, Silver ETF AUM in India crossed Rs 13,500 crore. Industry people believe that it will grow strong with favorable global trends, high investment demands and festive spirit. Language edited by: Sudhir Sharma
