Gold prices will continue to rise with rising inflation

- Bullion Bits Dinesh Parekh

- The dollar will be under pressure and gold prices are likely to rise to ૨ 5,100 by the end of the year

In the global market, gold has shown a higher price after four and a half months. Gold hit સપાટી 1,200 an ounce, hitting a low of ૯ 1,200 an ounce and hitting around ૯ 1,200 an ounce. The weakening of the dollar and declining returns on treasury bills have pushed gold to a તે 1,200 an ounce kick. At the end of the week, gold was trading at ૮૯૮ 16 and silver at ૮૬ 2.3.

If the Fed keeps the interest rate at zero to .8 points, then gold prices will rise after July. Gold prices have been rising for the last 8 to 10 sessions as bond prices have remained low and returns have been low and the dollar has weakened, and now there are signs of a further rally in gold.

Dracon Miller, the billionaire manager of the US Fed, warns that the dollar will depreciate in the coming days and that it is likely to lose its supremacy in the global currency. If the dollar loses its dominance in world economic markets, the global financial economy will see a major upheaval, resulting in a sharp rise in gold prices.

The dollar has dominated the world market for the last 20 years and now that it is on its deathbed, everyone has to believe that the dollar is depreciating even though no one wants it to. China's demand for gold remains high and China is trying to break the dollar monopoly by increasing its importance by systematically marketing its currency digitally, and this will push up gold prices as the dollar weakens. The central banks of each country are trying to strengthen their currencies by buying gold during the Kovid-19 period. Gold will pick up at a slower pace and it would not be a surprise if gold prices hit 5,100 an ounce later this year.

The Mumbai gold market is still in lockdown. Even though shops are forbidden to open, some bullion shopkeepers trade gold by opening half the shutters and buy old gold. Gold prices touched Rs 30,000 per ten grams on Wednesday. When the gold futures price is quoted at Rs 20, the bill trades at the gold futures price plus 2% GST. Some traders make a profit by trading gold in the futures market from home. The importance of revenge in the futures trend has diminished as there is little demand for goods in the market. However, the retaliation of Rs.500 per ten grams is not less. Overall, gold is hovering around Rs 30,000 and the futures price in the bill is plus tax but the bill transactions are very low. It is to be noted that the 30th issue of this sovereign gold bond, which started in November 2016, has been completed and its price was Rs. 3 per gram. In this fifty issue, 4.5 tons of gold has been sold How much gold he will sell will be announced next week.

Silver imports are very low. Traders make silver deals by depositing margin money with the broker along with price fluctuations in the futures market and make profit-loss by taking advantage of price fluctuations. Overall, the demand for silver will rise as the market opens. With the global market giving strong news, local silver prices will rise and silver has broken the bottom price of Rs 5,000 after Rs 5,000 to Rs 5,000 and now the bottom price of Rs 5,000 per kg. .2000 per kg shows the price .... let's see what happens to silver ....