American Following Donald Trump’s resounding victory in the presidential election, a period of declining gold and silver prices has begun. The price of gold has fallen by about Rs 3,000 per 10 grams from its all-time high and the price of silver by about Rs 6,000. Let us tell you that before Diwali, the price of gold had reached close to Rs 82,000 per 10 grams. Now it has been reduced to 79 thousand. At the same time, the price of silver had risen to Rs 1 lakh per kg. Now the price of silver has fallen to Rs 94,000 per kg. This trend of falling gold and silver prices has occurred after Donald Trump’s victory in the US presidential elections. Commodity experts claim that this period of declining gold and silver prices will continue in the future as well. In the coming days there will be a further drop in gold and silver. Let us know how cheap gold and silver will be.
That’s why gold and silver are getting cheaper.
Anuj Gupta, Head of Commodities and Currencies, HDFC Securities told India TV that the dollar index has regained strength after Trump’s victory. This affects both precious metals, so the prices of both are falling. At the same time, Saumil Gandhi, senior commodities analyst at HDFC Securities, said that after Donald Trump’s victory, the demand for gold as a safe investment option has decreased due to the flow of capital into risky assets such as Bitcoin and the markets. of values. . This caused a drop in gold. Additionally, rising US bond yields and rising US dollar further affected the value of precious metals, Gandhi said.
How cheap will gold and silver be now?
According to Anuj Gupta, in December the price of gold may decrease by Rs 3,000 to Rs 4,000 per 10 grams. At the same time, if we talk about silver, we may see a drop of Rs 5,000 to Rs 6,000 per kg in the price of silver. The price of silver will be below 90 thousand. At the same time, the price of silver can reach 72-73 thousand rupees per 10 grams.
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