By Admin 
Due to the tariff of Donald Trump, on one side there is chaos in the global stock market, on Monday, it was said till Black Mande. Here, there is a decline attack in the price of gold and silver for the fourth consecutive day. The price of MCX gold is 88 thousand per 10 grams per 10 grams per 10 grams per 10 grams of MCX gold between Multi Commodity Exchange (MCX), Global Trad War and Economic Recession Clouds. Whereas, the price of MCX silver is 88 thousand 698 rupees per kg.
Whereas, according to the Indian Bullion Association (IBA), the price of 24 carat gold is 88, 170 rupees per 10. In addition, the price of 22 carat silver is 80 thousand 823 rupees per kg. So at the same time, according to the information given on the IBA at 9.55 am, the price of silver is Rs 88 thousand 690 per kg.
However, due to tariffs, in the midst of global uncertainties in the stock market, while investment in gold is being considered the safest, on the other hand it is also being said that its price may decrease in the coming days.
Gold production has increased considerably. In the second quarter of 2024, mining profits reached around $ 950 an ounce. The global store of gold has also increased by 9 percent to 2,16,265 tonnes. Australia has increased the production of gold a lot and the recycle gold supply has also increased.
Last year, demand may be reduced from central banks who buy 1,045 tonnes of gold. A survey by the World Gold Council has revealed that 71 Central Banks are planning to reduce or maintain their gold reserves.
In the year 2024, there has been an increase of 32 percent in merger and acquisition in the sector of gold, which is a sign of peak in the market. Apart from this, the increase in gold-supported ETFs reflects patterns that were seen last time at the time of prices.
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