Gold is going to become cheaper by 6 to 7 thousand rupees, be ready to buy

Mumbai (Uttam Hindu News)- The prices of yellow metal gold are at high levels. Everyone is predicting that the prices of gold and silver will continue to rise. Well, recently in some media reports it is being claimed that the price of gold may fall by 6 to 7 thousand rupees in June? The Federal Reserve meeting is going to be held in the month of June. The decision of the Fed in this meeting will either lead to a fall in gold prices or a rise… Its decision will also be known soon. At present, the prices of gold are continuously increasing, so a correction may be seen in the prices of gold. There has been an increase of about 27 percent in gold prices in a few months, but now there will be a correction in gold prices. If the US Central Bank does not make any changes in interest rates in the month of June, then the dollar index and bond yields will increase, after which a fall of 8 to 10 percent may be seen in gold prices. Even if the Fed cuts interest rates by 25 basis points in June and re-stabilises its stance on interest rates for the coming days, gold prices will see a decline. Talking about the current prices, the price of 10 grams of 24 carat gold has increased to around Rs 71,510. Earlier the price of gold was Rs 71,279 per 10 grams. The reason for the rise in gold prices is the increase in global gold prices along with strong domestic demand. At the same time, the price of silver has reached close to Rs 82,000 per kg.