Gold prices saw a mixed trend on May 8. The foreign market showed a boom in gold, while Gold Futures in India are softened. Spot gold rose 0.9 per cent to $ 3,392.90 an ounce in the international market. The US Gold Futures rose by 0.2 per cent to $ 3,399.80 per on. Here, the Commodity Exchange MCX in India saw softening of gold futures. Gold futures fell 0.83 per cent to Rs 96,277 per 10 grams at 11:49 pm.
Gold climbed from the statement of Fed Chairman
Gold in the international market (Gold) The reason for the boom in the US central bank Federal Reserve (Federal reserve) The commentary is being told. The US central bank has further indicated economic uncertainty. He believes that increasing inflation can increase uncertainty in American economy. If the crisis in the American economy increases, the glow of gold may increase. Already gold is making new records of gold. In 2025, Gold has given more returns to investors than other asset classes. On April 22, the price of gold reached $ 3,500 an ounce. This is the highest price of gold so far.
Gold futures soft in India
Here, the Commodity Exchange MCX saw softening in gold. Experts say that this may be the reason for profit booking after the previous session. Bian Lan, MD, Goldsilver Central, Singapore, said that India’s action on terrorist camps in Pakistan has heated up. If the conflict between the two countries increases, then the glow of gold may increase. He said that in such a situation, a new record of gold can flow. Actually gold is considered the safest source of investment.
Gold can go up to Rs 1,06,000
Brokerage firm Motilal Oswal Financial Services (MOFSL) has given a target of Rs 1,06,000 per 10 grams for gold. This means that there may be a boom in gold ahead. Experts say that the decline in gold can be used for shopping. MOFSL has said that gold is supported at Rs 90,000-91,000, while it will have to face resistance at Rs 99,000.
Also read: ITR-3 form is using ITR filing? So know about these changes in the first form
What should you do?
Experts say that investors’ investment portfolio should have 10-15 percent gold. If you do not have gold in the portfolio or less than this level, then you can invest in gold. Now it has become very easy to invest in gold. You can invest in the gold scheme of gold ETF or mutual funds while sitting at home. These schemes can also be invested through SIP. In this, you can invest in a certain amount gold every month.