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» Gold prices are falling and the world’s biggest market for the yellow metal is hoping for more shoppers Gold prices are falling and the world’s biggest market for the yellow metal is hoping for more shoppers Prabhjote GillMar 9, 2021, 15:14 IST Gold prices have dipped by over 20% since last year s highsUnsplash Gold prices are falling for the third consecutive week as the Indian economy recovers and the number of COVID-19 cases decline. The diminishing value of the yellow metal is good news for customers looking to buy up gold ahead of the summer wedding season and Akshaya Tritiya. Jewellers are optimistic that the fall in the price of gold and the upcoming festival season will drum up demand for the physical product.Gold prices are finally falling after a year of being on the rise. And, people in the world’s biggest market for gold, India, are taking advantage of the opportunity. ....
There are still some factors that are positive for gold and these include the US stimulus package worth $ 1.9 trillion, which is expected to be approved soon, and the expected uptick in inflation due to firming up of commodity prices. ....
Good News! Gold rates dip to one-year low, know what causes fluctuation in prices Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low. (Image Source: File Photo) Updated: Mar 6, 2021, 12:19 PM IST If you are fond of gold jewellery then this is the best time to invest the yellow metal. The price of gold has retreated to a near one-year low. On Friday (March 5), local gold futures fell to Rs 44,217 per 10 grams, a trough since April 7. The price of one gram of 22-carat gold on Saturday declined to Rs 4,343 from Rs 4,390. The further dip in the prices of precious metal has taken rates to more than 10-month lows. In global markets as well, gold continued its southward trend with prices falling. ....