Gold Price: The biggest fall in gold price in three years, what is the price of 10 grams

The price of gold is increasing rapidly. Not only in the country but also abroad the same picture. Although gold prices were on the rise for several consecutive days, the MCX gold price fell sharply on March 22. Gold fell 2.21 percent on the multi-commodity exchange, its biggest one-day decline in three years.

These 10 points are most important for gold investors: In terms of one-day decline, gold prices on the MCX have fallen by a record 2.21 percent in the last three years.

Israel’s response to Iran’s missile and drone strikes eased geopolitical tensions, leading to gold sales. A change in market sentiment has been seen as Israel’s retaliatory action eased fears of a border crisis in the Middle East.

Although gold is considered a safe haven investment, investors’ concerns have eased after Israel’s response, so gold prices have been falling. Experts are keeping an eye on the upcoming inflation figures. Especially in the PCE report. Apart from this, inflation is likely to increase.

Continued economic stress may increase inflation, which will affect gold prices in the short and long term. The Federal Reserve’s stance on interest rates is important because of high inflation. However, the US Federal Reserve is not expected to cut interest rates anytime soon.

Higher interest rates can reduce the appeal of gold as a non-interest bearing asset by putting pressure on prices. Geopolitical tensions and economic indicators are adding to the volatility in the gold market. As a result, investors are cautious.

It is important for investors to have the right investment strategy to understand the ever-changing market dynamics and exploit potential opportunities amid uncertainty.

Gold-silver cheap again today: Gold prices continued to fall on Tuesday, April 23. Gold price for June delivery falls below Rs 71,000 on MCX. The price of 10 grams of gold decreased by 1.12 percent to Tk 70401. Silver prices fell by 1.03 percent to Tk 79.747 per kg.

Big fall on COMEX too: On COMEX, gold fell 1.32 percent to $2315.50 an ounce. Silver, on the other hand, fell 1.08 percent to $26.95 an ounce.