The price of toddlers fell again. In the Hyderabad market, gold of 10 grams and 24 carat declined by Rs 50 on Saturday. The price has come down to Rs. 39,720. Market experts attribute the slowdown in demand from desi jewelers and buyers, including an internationally weak trend.
Shocked silver
Gold prices of 10 grams and 22 sheets fell by Rs. This reduced the price to Rs 36,410. Otherwise, if the price of gold goes down, the silver price will run out. The price of a kg of silver rose by Rs. The price of silver has risen to Rs 47,500.
This is the same trend in the national capital
The price of gold in the Delhi market is similar. The price of 10 grams and 24 carats of gold fell by Rs. It dropped to Rs 38,400. 10 gold and 22 carat gold prices also fell by Rs 50 to Rs 37,200. Silver rose by Rs 100 to Rs 47,500 per kg. Prices have remained the same in Vijayawada and Vishakha.
In the Global Market ..
Otherwise, the price of gold in the international market has fallen. A decline of 1.25 per ounce was at $ 1,464.55 an ounce. Silver, meanwhile, fell 2.56 per cent to $ 16.62 an ounce.
For a maximum of 6 years
Otherwise, gold prices in the global market reached a six-year high ($ 1,550 per ounce) in September. This is due to months of trade tensions between the US and China. But now the price of gold is moving downward as compared to then.
Deal effect with China
Usually, the US trade deal with China is expected to be okay by the end of this year. US National Security Adviser Robert O’Brien has previously said that the first deal with China is likely to be OK by December. This has put pressure on the price of the toddler. But now the US president said the Trump deal could be delayed. This again caused uncertainty over the price of milk.
Pasidhi for the maximum of the month
Gold prices hit a month high in the international market last week. This is mainly due to the unstable conditions in the US-China trade agreement. Gold rose to $ 1484 an ounce. This is the peak of the month for the toddler.
Look at the Fed Meeting
International traders and investors are now focused on the US Federal Reserve Meeting. The Fed Meeting is scheduled for next week. There are expectations that the Federal Reserve will not cut interest rates this time. Market experts expect the Fed rate to remain stable. The Fed rate is now between 1.5 percent and 1.75 percent.
20 percent rally
On the other hand, the gold price in the domestic market has hit about 20 per cent this year. Increase in import tariffs on gold, weakening of the Indian Rupee against the US dollar, and inflation in the international market is a major factor.
Their impact on the price of milk
There are many factors that affect gold prices. Inflation, change in global market prices, gold reserves at central banks, interest rates, jewelery market, geopolitical tensions, trade wars, etc.
