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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Gold Price: Since the announcement of the tariff on April 2 by US President Donald Trump, there is a lot of stir in the international market. There is a big suspense in the stock market from turmoil to jewelery market. In such a situation, the question is arising as to why the price of gold is increasing suddenly and how long will this last. Along with this, on Akshaya Tritiya, some market experts have estimated its price to cross 1 lakh, so what should be done before you.

Actually, since the tariff was announced, the price of gold is touching the sky. Gold of more than seven percent has given returns, that is, the bank does not give so much benefit as an interest of year -old. On April 2, the price of gold was Rs 93,750 per 10 grams. It made a new record that day. Later, there was a decline in the price of gold and it went to 90,600 on 8 April. But when a brake was applied on the tariff for 90 days, then its price was increased.

Between April 8 and April 18, the market opened for about seven days, while the rest of the day was weekly or other holidays. During this time, the price of gold increased by about Rs 7100 per 10 grams and gold reached a record 97,700. Gold broke its old records on April 10, April 11, April 12, April 16 and 17.

Now on April 30, Akshaya Tritiya is with Sahalag and on this occasion, the most jewelry is purchased after Dhanteras. In such a situation, the demand for gold in the Indian market is increasing continuously.

According to the market experts, the price of gold can increase further in the next two weeks, so people are already booking coins and gold biscuits, so that Akshay takes delivery on the day of Tritia. Apart from this, another factor is also to increase the demand for gold that marriages will start in May, so people are trying to shop before the possibility of moving forward.

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