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U.S. As the value of the dollar remains high and the dollar continues to dominate other countries’ currencies, the U.S. Gold still had to be withdrawn from the global market due to treasury revenues. U.S. takes aggressive stance to tackle inflation The Federal Reserve has indicated that it will continue to gain both the dollar and the gold. Gold traded higher at $ 1,816.39 an ounce in global trade.
U.S. Gold futures fell 0.1 percent to $ 1,813.50, Reuters news agency reported. The daily closing price of gold has reached the level of March 2020 (Kovid). In the national capital, gold fell by Rs 270 to Rs 50,037 per 10 grams and silver by Rs 49 to Rs 60,920 per kg from Rs 60,969. The general report is that the coming days will be better for those who want to invest in gold and for jewelry lovers. They emphasize the need for sincere intervention in every price drop.
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It is also reported that the reputation of gold as a safe haven in the long run can be further strengthened. The bottom line is that the current downturn will only be temporary. With the fall in gold prices, bookings and investment plans in jewelery have increased. The jewelers were able to record good trade in the Akshaya Tritiya this time as well. For the past two years, Akshay has been losing touch with jewelery following Kovid. Therefore, two days before Akshaya Tritiya, the jewelers had reduced the price of gold by more than Rs 1,000 to attract consumers. Statistics show that this is an achievement.
Gold has always been a passion of Indians. India is the second largest consumer of gold in the world after China. In the past, jewelery was popular, but today, people are increasingly looking at gold as an investment. This is because of its reputation as a safe haven. Gold coins and bullion are in high demand in the gold market today.