Gold also witnessed a rise on 24 February. Gold in Commodity Exchange MCX rose by Rs 96, or 0.11 per cent to Rs 86,106. Gold was seen in the seventh consecutive week in the past week. The reason for the boom in gold is said to be the tariff policy of US President Donald Trump with Geopolitical Tension. Trump’s tariff policy shows the danger of increasing trade war in the world. In the last seven weeks, Gold has traveled from 76,544 to 86,106 per 10 grams in MCX.
Experts say that gold prices are climbing in the global market. This is also affecting the prices of gold in the domestic market. The biggest reason for the boom in gold is Trump’s tariff policy. If the US announces the imposition of reciperook tariff after April 1, it can increase the trade war. This can increase the prices of many things including commodity. Given this uncertainty, interest in investment in gold has increased, causing its prices to rise.
Many countries of the world have increased their gold reserve. For this, he has purchased gold. This has increased the demand for gold. Experts say that in gold from short to medium, the trend looks positive. In such a situation, the prices of gold may continue to rise. Investing now can lead to good profits. However, it would be good for investors to invest slowly instead of investing outright in gold. Investors can invest in gold at every decline.
Experts say that some part in the portfolio of investors is necessary to have gold. Investors who do not have gold in portfolio can invest in gold. Investors can invest in Gold Mutual Fund or Gold ETF. It is quite easy to invest in them. Investment can be easily extracted if needed. Experts say that there is no possibility of a decline in gold at the moment. However, gold prices may remain in limited range for some time.