According to gold commodity experts, the price of gold may remain under pressure from the strong US dollar. However, rising crude oil prices could lead to a sharp rise in global inflation.
This rise in inflation is related to bond tapping to the Fed Again about your latest decision Can force you to consider Therefore, rising crude oil prices could lead to a trend in gold prices in the second fortnight of October 2021. In addition, with the festive season approaching in India, demand for gold in the domestic market is expected to increase.
In the first fortnight of October, the price of gold on the MCX may fall from 45,500 to 45,000 per 10 grams as the US dollar may remain strong during this time. According to MCX, the price of gold could go up from ₹ 48,000 to ,500 48,500 per 10 grams in the next one month. Commodity and currency experts believe that the price of gold will touch Rs 49,000 per 10 grams by next Diwali, which is about a month away. On the Multi Commodity Exchange (MCX), gold fell 0.05 per cent yesterday. M. of December 2021. Was. Gold futures on X closed at 46,500 per 10 grams.