Gold prices Cut: Gold prices fell by Rs 3400 in a single day, know the latest price

A huge drop is being seen in the price of gold. At one point, gold fell to Rs 3400 (Gold Price Today). It would not be wrong to say that gold has fallen flat on its face.

Gold prices Cut: The war going on between India and Pakistan has stopped, due to which the stock market has seen a strong rise. On Monday, Sensex and Nifty saw a rise of about 3.8 percent. On the other hand, a huge fall is being seen in the price of gold. At one point, gold fell to Rs 3400 (Gold Price Today). It would not be wrong to say that gold has fallen flat on its face.

By Monday evening, the price of gold on MCX fell by about 3.5 percent i.e. about Rs 3400. By evening, gold reached close to Rs 93,100 on MCX. The price of gold has seen a tremendous rise in the last few months, but now gold is seeing a decline.

Why is the price of gold falling?

Gold is considered a safe investment. Whenever the stock market falls due to any crisis, gold prices rise. The ceasefire between India and Pakistan led to a sharp rise in the stock market. This is also one of the reasons for the fall in gold prices.

On the other hand, the dispute between America and China also seems to be easing up a bit. America had given 90 days to all the countries for the tariffs it had imposed, but they were implemented on China with immediate effect. In such a situation, China was also imposing heavy tariffs on America. Now both the countries have given each other 90 days to implement the tariffs, due to which the stock market is seeing an increase and gold is falling.

The post Gold prices Cut: Gold prices fell by Rs 3400 in a single day, know the latest price first appeared on informalnewz.

News