Gold Price: The price of gold is once again seen bounce. On Wednesday, gold prices were strengthened in the domestic futures market (MCX). June delivery gold rose 0.66 per cent to 95,470 per 10 grams. The main reason for this boom is the weakness of the US dollar and global economic instability.

Dollar weak, gold becomes cheaper

US dollar weakness has made gold cheaper to other currencies internationally, which has increased demand. The direct effect of the dollar fall is that gold prices become cheaper for other currency holders and they are attracted to shopping.

Moodyes reduced credit rating

The tax deduction bill in the US and the rising budget deficit have increased the apprehensions about the financial situation there. Investors have turned to gold as a safe investment option after Moody’s recently reduced the US credit rating. Due to this, there has been an increase in the prices of gold and silver.

Interest rates cut worldwide

On Tuesday, the central bank of China cut off 10 basis points in its one year and five years loan rates, while Australia also cut 25 basis points in its interest rates. The impact of these policies has also been positive on the prices of gold and silver.

Scope for fall in prices low

Experts believe that China imported the most gold in about a year last month. Apart from this, the wedding season going on in India is also keeping the demand for gold strong. He said that until a big trigger is revealed, prices can remain with a limited range fluctuations.

Gold and Silver support and registration level

According to The Mint report, gold will be supported at 94,200 and 93,650, while 95,360 and 95,800 will be registered. At the same time, support on 96,650 and 96,000 for silver and registration from 98,000 to 98,850 can be seen. At the same time, silver can be purchased at the level of 96,800, in which 96,150 stop loss and 98,250 target can be kept.

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From the era of kings and emperors to today’s billionaires, one thing that has always been special is gold. In olden times, it was not just a sign of wealth, but a symbol of power and pride. Time has changed, but the glow of gold and its importance remains the same today.

Especially in the era of economic uncertainty, gold has emerged as the safest investment, which is still called the ‘king of uncertainty’. In today’s world, gold is well liked not only in jewelery but also as investment. Be it central banks, billionaire investors or common man, gold is present in some form or the other portfolio.

Who has the most gold?

According to the report of Financial Express, if we talk about government reserves, America is at the forefront. By December 2024, the US had 8,134 tonnes of gold, which is the highest in the world. This is followed by the number of Germany, China and India. India has 876 tonnes of gold, which is included in the national reserve.

But the real shocking figure comes when we talk about gold kept by the general public. According to reports, Indian families have about 24,000 tonnes of gold, which is equal to the total stock of central banks from all over the world. The people of China are at number two, who have about 20,000 tonnes of gold.

How much is it right to invest in gold

The price of gold in India at this time has reached Rs 95,240 per 10 grams and soon it can touch the figure of 1 lakh. At the same time, gold is trading at $ 3,333 an ounce in the international market, which has given a return of about 40 percent in the last one year. In such a situation, experts recommend that 10 percent of your portfolio is a sensible step to invest in gold. So next time you buy a gold ring or coin, do not consider it just a jewelry or gift, but consider it a strong cover of your economic security.

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