Buy or sell? Gold prices are falling continuously, know what will be the situation in September?

For the past few days, there has been a continuous decline in the price of gold. This decline is being seen due to the reduction in geopolitical tensions. Earlier, at the beginning of the month, the price of gold was at a record high. But now due to the decrease in prices, jewelers and investors etc. are keeping an eye on it.

On August 8, there was a rise in the price of gold. In which it had reached an all-time high. Since then, there has been a decline in prices. 22 carat gold was available on August 18 for around Rs 9,280 per 10 grams i.e. Rs 74,240.

Continuous decline in gold

Due to the decline in gold, buyers can now return to the market again. According to experts, the reason for the current decline in gold is the global economic signal and reduction in geopolitical tensions. According to experts, fluctuations in the price of gold can be seen next week as well. Due to the decline, people can once again come to the market to buy gold. All eyes will be on US economic data and the US Federal Reserve meeting to be held next month.

Buy or sell?

International movements will play an important role in gold prices. This will determine the future trend. According to Manav Modi of Motilal Oswal Financial Services, “The recent easing of tensions is a major reason for the decline in demand for gold as a safe investment. Diplomatic efforts regarding the Russia-Ukraine war have raised hopes of a ceasefire. Partial relief has also been seen in trade tensions between the US and China.”