By Admin 
Gold Rate in India: There was no change in gold prices in India on Saturday. The prices are also likely to remain unchanged on Sunday, 18 May. Between May 12-16, the price of 24 carat 100 grams of gold has fallen by Rs 35,500 and 10 grams of gold has fallen by Rs 3,500. In the next trading session, the business of gold and silver can go beyond the range of 88000-95000 and 91000-98000 respectively.
Why reduce gold prices?
According to a report by Gudernus, the prices of gold and silver declined last week. The price of gold has declined by more than 3.5 percent, while silver has fallen by 1 percent. This decrease in the prices of gold and silver has come due to the decrease in global trade stress and better perception of investors, which has reduced the amount of investment in safe assets.
Experts believe that gold prices have come down due to the 90 -day break on trade war between the US and China. In this deal between the two countries, the US has reduced the tariff on Chinese goods from 145 percent to 30 percent. Whereas China has reduced tariffs on American imports from 125 percent to 10 percent. This step shows the mutual consent of both countries to reduce trade war. Earlier, gold has also fallen due to the consent on ceasefire between India and Pakistan. However, peace talks between Russia-Ukraine are still under question.
Also read:
Gold Price: Gold prices fall due to America-China, can the price of 10 grams go up to 85 thousand?