Investors are surprised by the vomiting move of gold. Usually, gold rises when ziopolitical tension increases. However, on 23 June, there was a decline in gold. On the other hand, the fight of Israel-Iran is taking dangerous turn. This fight can take a serious form after America jumps in this battle on 22 June. On June 23, both the country and abroad saw a decline in Gold. Let us know what can be the reason for this.
Gold slipped both in the country and abroad
Spot Gold on 23 June (Spot Gold) 0.2 percent of the garbage was running at $ 3,362.29 an ounce. Us gold futureS also came to 3,378 with a weakness of 0.2 per cent. In India too, there was pressure on gold futures. commodity Exchange Mcx In Gold Futures It was running at Rs 99,030 per 10 grams with a weakness of 79 rupees i.e. 0.08 per cent. Iran-Israel War is continuously increasing. Now America has also jumped into this fight. However, the price of gold is softening instead of bounce.
Gold slipped strongly in dollar
KCM Trade analyst Tim Waterr said, “US attacks on Iran’s nuclear bases have increased the investment in dollars. The dollar has a strong impact on gold. Gold has faded the glow. This has caused gold prices to fall.” Actually, buying gold in another currency becomes expensive due to the strong dollar. The price of 24 carat gold in India was $ 1,00,690 per 10 grams without special changes. The price of 22 carat gold was 92,300 per 10 grams.
Gold has risen 30 percent this year
Experts say that gold is not showing bounce due to geopolitical tension. However, it has seen a good rise in 2025. This year it has jumped up to 30 percent. In late April, its price went up to $ 3,500 an ounce, which is its all-time high. Some analysts say that the prices of gold have been smooth after excessive increase. Consolidation may appear in gold in the short term. This means that its prices can show a limited scope.
Also read: Gold Rate Today: Gold became cheaper today, know how low gold rate on Monday 23 June
What should you do?
Financial experts say that there is no need to be disappointed with the rise in the price of gold as expected. Those who have invested in gold close to record high will have to wait a little for good returns. It is not advisable to sell even if the pressure on gold increases. Gold outlook in the long term remains positive. If you want to invest new then you can make some purchases on every decline. Those who are investing from SIP in Gold ETF or Mutual Fund gold scheme should continue their investment.