Akshaya Tritiya Gold Price
Big fall in the prices of gold which were continuously skyrocketing. on Tuesday i.e. 29th April, gold has become cheaper by more than ₹ 900, but the big question is why has there been this fall in the price of gold and what is the price of gold now and is gold going to become cheaper in the coming days. First of all, let us see how much gold has become cheaper. On Tuesday, a tremendous fall in the price of gold has been seen on MCX i.e. Multi Commodity Exchange. On Monday, 10 grams of gold closed at ₹ 96.25, but on Tuesday morning it became cheaper by ₹ 225 and opened at ₹ 95,800 and then within a short time it went down further. By 10:00 am, gold was trading at ₹ 95,290 with a fall of ₹ 735. A total reduction of more than ₹ 900.
According to reports, the price of gold in Delhi’s bullion market also fell on Monday. 24 carat gold became cheaper by ₹ 1000 and came down to ₹ 8,400 per 10 grams, so this fall is a golden opportunity for those who are thinking of buying gold on Akshaya Tritiya. Now let us tell you why the price of gold has fallen. The biggest reason for this is the strength of the US dollar. When the dollar is strong, gold becomes expensive for investors of other countries. This reduces the demand for gold and the price comes down. Apart from this, there are signs of trade tensions between America and China easing. When economic stability increases in the world, people invest less in gold because gold is often considered a safe investment in times of uncertainty. Now the biggest question is whether gold will become cheaper. Akshaya Tritiya is on April 30, which is considered the most auspicious day to buy gold. Experts believe that there are signs of a fall in gold, but it is difficult to say how much and when. However, do you know how great a return gold has given in the last 25 years? According to reports, in the year 2000, the price of 10 grams of gold on Akshaya Tritiya was only ₹4300 and today more than ₹98,000 means in 25 years gold has given a return of more than 2000% In the last 10 years alone, the price of gold has risen by more than ₹73,000 Overall, the fall in gold prices before Akshaya Tritiya is a good opportunity for buyers Are you planning to buy gold?
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