Gold Rate Today (April 26): Down Rs 2500 From ATH!

Gold Rate Today (April 26): Down Rs 2500 From ATH!

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The gold rate today has seen a significant dip, falling more than Rs 2500 below its all time high (ATH).

Today the gold rate has an intraday low of Rs.71,212 per 10 gm. This is a notable drop from the  lifetime high of Rs 73,958 per 10 gm made on 12th April 2024.

The fall in prices is happening  as the US Treasury market is under profit-booking pressure.

Goldman Sachs forecasts a 6% climb in gold prices in the next 12 months. J.P. Morgan Research estimates that gold prices will peak at $2,300/oz .

Economic and geopolitical uncertainty, a weaker U.S. dollar, and lower U.S. interest rates increase the appeal of gold.

Factors influencing the price of gold

Experts suggest this could be a good time for investing in Gold.

Investors are advised to monitor the market closely and consider their investment goals and risk tolerance before making a decision.

Disclaimer: The content of this webstory is for informational purposes only. Please consult a SEBI-registered investment advisor before making any investment decision.