Investors are still in a dilemma about investing in gold in the international market. Gold prices have fallen below this. Its effect is visible on the domestic market.
In the international market, the rise in the price of the dollar and the increase in bond yield reduced the prices of gold and silver. It affected the domestic market. Meanwhile, US President Joe Biden can take a major decision regarding the investment of about $ 1.9 trillion in infrastructure. The effect of this will also be seen in the bullion market soon.
Gold falls in MCX
However, MCX gold fell 0.02 per cent to Rs 47,497 per ten gram in the domestic market on Friday, while silver fell 0.34 per cent, ie Rs 233 to Rs 68,725 per kg.
Gold-silver fell in the global market
Gold spot in Ahmedabad sold for Rs 47907 per ten gram. At the same time, Gold Future sold at Rs 47450 per ten grams. However, analysts say that there may be more demand in gold further and due to this, its prices may be above the current level. Meanwhile, the position of both gold and silver in the global market was weak. Platinum fell 1.9 percent to $ 1211.01 an ounce. Silver, however, fell 0.2 per cent to $ 26.89.
There is still a dilemma among investors regarding the international market gold. Due to fluctuations in gold in the global market, investors are not able to take any firm decision whether to buy or sell. Retail investors should hold until there is no concrete signal.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.