Gold Price & Investment: Gold price will fall below 3 thousand 300 taka in 7 days, 70 thousand? – gold getting cheaper prices falls down to 70000 is it the right time to invest gold price 25 april silver rate down india bullion and jewelers association sus

Gold-Silver Price Today: Gold prices have fallen sharply in the last four working days. Gold has dropped to Rs 70,000 per 10 grams on MCX and is falling every day. However, on April 16, gold touched Rs 74,000 on the MCX, its all-time high. Silver prices were also at record levels. Gold prices continue to fall despite record highs. In such a situation, let’s find out whether it is the right time to invest.

What is the status of gold today?
On April 25, gold and silver prices continued to fall on the MCX today. On the MCX, gold on Thursday opened down by Rs 290 at Rs 70,778 per gram and traded at Rs 70,760 per 10 grams till 9.35 am. At this time, the price of gold went up to Tk 70,630. While the price of silver has decreased by 350 taka to 81,884 taka.

However, today on April 25, 2024, the price of gold in the Indian bullion market exceeded 71 thousand rupees per 10 grams. Besides, the price of silver per kg is more than 80 thousand rupees. At the national level, the price of 10 grams of 24 carat gold of 999 purity is Tk 71,841. Whereas the price of 999 pure silver is Tk 80,576. According to the India Bullion and Jewellers’ Association, 24 carat pure gold was priced at Rs 71,826 per 10 grams on Wednesday evening, up from Rs 71,841 this morning.

Today gold and silver prices
According to the official website ibjarates.com, the price of 10 grams of gold of 995 purity rose to Rs 71,553 this morning. At the same time, the price of 10 grams of gold of 916 (22 carat) purity has increased to Rs 65,806 today. Apart from this, the price of 750 pure (18 carat) gold has come down to Tk 53,881. At the same time, gold of 585 purity (14 carat) is Rs 42,207 today. Apart from this, the price of one kg of silver of 999 purity has increased to Tk 80,576 today.

Read more

Many central banks are investing in gold
According to market experts, gold’s bullish trend is expected to continue. Gold prices are supported by central bank gold purchases. Asian central banks and emerging markets in particular are buying gold. Many major brokerage firms also expect the bull run in gold to continue. The brokerage firm believes that dollar weakness will support gold. Demand is also increasing due to rising economic and geopolitical risks.

Should you invest?
Experts advise investors to include gold in their portfolio. That being said, amid economic uncertainty and geopolitical tensions, gold plays a major role as a safe haven investment.

Keep an eye on the US statistics
According to experts, the price of gold is now looking stable. This is mainly due to US GDP data coming on Thursday and inflation data coming on Friday. In order to understand whether the US Federal Reserve will cut the policy rate in June or not. Weak growth in manufacturing and services is thought to be slowing the US economy.

Will the price go below 70 thousand rupees?
The prospect of the Fed not cutting rates is creating a bearish environment for gold. As a result, the price of gold is falling. Which can go below 70 thousand rupees. If so, the Rs 69,500 level will become important. If this level is also broken, the price may reach Tk 68,500 to Tk 68,800.

Gold price has dropped by Rs 3300 from the record level
Incidentally, gold prices have fallen well below record levels. Gold prices touched a lifetime high of Rs 73,958 on April 12, according to MCX data. Now the price of gold has reached 70,778 rupees. That is, the price of gold has decreased by 3327 rupees in one week.