Gold price today: There has been a major decline in the price of gold before Akshaya Tritiya. Let us tell you that this time Akshaya Tritiya will be celebrated on 30 April i.e. Wednesday. Buying gold on Akshaya Tritiya is considered auspicious. In such a situation, gold is good news to be cheaper. On Tuesday, the gold benchmark on the Multi Commodity Exchange (MCX) is trading at Rs 95,297 with a June contract of June 728. The previous closing price of gold was Rs 96,025. Gold futures touched the highest level at a price of Rs 99,358 last week. In this way, gold has become cheaper by Rs 4000 in the last one week. Commodity expert says that the price of gold may fall further. Its effect can be seen on Akshaya Tritiya tomorrow. Due to cheap gold, demand may increase in demand. Jewelers say that this time there is no demand at all. The market is also expected to remain cold on Akshaya Tritiya.
Softening relief in solving trade war
Gold has become cheaper in the global market. Gold has become cheaper with the hope of reconciliation on trade war between America and other countries including China. Gold declined on Tuesday due to softness in the trade war, while investors were waiting for US economic data to assess the Federal Reserve policy. The spot gold fell 0.4% to $ 3,329.12 an ounce. US gold promises fell 0.2% to $ 3,342.40. Expert says that gold is expected to fall further. Gold will be cheaper after softening in trade war. Gold came due to trade war.
Up to Rs 27,000 can be cheaper
Vitali Nesis, Chief Executive Officer (CEO) of Solidcore Resources PLC, a world’s largest company engaged in gold mining works, has claimed that gold is expected to fall a major decline in the next 12 months. The CEO of Solidcore said that I hope the price of gold will fall to $ 2,500 within 12 months. The price of gold is currently $ 3,319 per ounce in the international market. If this happens, gold in the Indian market can be cheaper by up to Rs 27 thousand per 10 grams.
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