When the economy collapsed in the Corona situation, the investment in gold increased a lot. As the demand increases, the price of this precious metal naturally increases However, at the moment, the price of gold has been declining for some time. As soon as the good news of the corona vaccine arrives, that tendency begins to wane. The price of gold is gradually declining. As the value of the dollar strengthened, these prices began to fall more rapidly.
Today, the price of gold has come down below Rs 50,000 and has gone up to Rs 49,480 per 10 grams. Gold prices fell further this morning, at one point 10 grams of gold fell 216 rupees to 49,292 rupees. If the price of gold had come down in this way, it could have been less than 400 rupees.
Besides, gold rose by Tk 45 to Tk 50,256 in the futures market on Monday. In international markets, gold rose 0.03 percent to ৮৮৮ 1.6.70 an ounce in New York.
According to HDFC Securities, the price of gold rose by Rs 57 per 10 grams to Rs 49,006 in Delhi's cheap market on Monday. In the previous trading session, the price of gold was 49,610 rupees per 10 grams.
More good news awaits this time around, with several international surveys saying gold prices will soon fall sharply. Since touching the top in August, gold has become cheaper by around Rs 6,000 per 10 grams. The price of gold has dropped by Rs 1,000 since the corona vaccine was soon spread It is safe to say that the price of this vaccine will go down further
It is known that the corona vaccine is going to come in the market in the month of February. Experts believe that the price of gold will actually go down by Tk 5,000 in the vaccine market.
The price of gold has been rising rapidly for the last few years. Due to which the demand for gold jewelery has declined. Thousands of goldsmiths have lost their jobs. Time will tell whether they will be able to continue their work even if the gold price falls as the crisis worsens.