By Admin 
The price of gold increased on April 22 when it crossed 10 grams per 10 grams. However, the market experts were already expecting that by the end of April i.e. till the arrival of Akshaya Tritiya, the gold could cross 1 lakh. But, since then, there is a decrease in gold prices continuously in a few days. According to the Indian Bullion Association, gold has fallen 0.8 percent to 10 grams per 10 grams on Tuesday.
Even globally, the price of gold has fallen by about 1 percent. Spot gold rate has fallen by 0.8 percent to $ 3,314.99 an ounce. While US gold futures have fallen 0.7 percent to 3,325 per dollar.
Gold prices fell globally
According to market experts, the major reason for the fall in gold prices is the decrease in tension on world trade and the positive trend of investors in the global market. US Treasury Secretary Scott Besant recently said that many top trading partners including India have received many better proposals in exchange for American tariffs. He also said that there may be business agreements with India soon.
Apart from this, China’s decision to remove some tariffs over American goods is also considered a step towards reducing stress. The US government has also indicated that they will reduce auto tariffs, which may improve business relations.
Gold price coming down from the sky
VP Research Analyst Jitan Trivedi in LKP Securities said- The reason for the stress prevailing in business relations is due to the American, the American has opened the way to many countries for talks on tariffs. At the same time, the statement of US President Donald Trump of the early business agreement between China and American has also helped in reducing stress. In addition, a possible peace agreement between Russia and Ukraine has also reduced the spirit of safe investment in gold.
As soon as the feeling of fear in investors is over, they will come out of the thinking of investing money in safe investment. If there is a decrease in the demand for gold, its price will fall. Experts say that due to the fear of global recession and reastence in the international market, gold had reached $ 3,500.05 an ounce earlier.
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