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Gold can again be 45 thousand, know what is the reason

The good news about the Corona vaccine is seeing continued pressure on gold and silver prices. If Corona increased its havoc, gold and silver prices also increased rapidly. Gold is considered a good option for investment in times of risk. In such a situation, investors invested money in gold fiercely, but now the prices are falling. Experts say that if the vaccine is launched by the new year, gold prices can fall to Rs 45000.

Why gold and silver prices are falling

Gold and silver have become cheaper amid reports of the strengthening US dollar and the Kovid-19 vaccine. At the same time, investors are not taking much interest in gold ETFs. Gold has become cheaper by Rs 5847 per 10 grams so far from its all-time high. While silver has lost Rs 13,981 from its peak of August 7. On August 7, gold opened at 56254 in the bullion markets. It was at its peak, while silver reached Rs 76008 per kg.

Read also: Gold Price Review: Gold became cheaper by Rs 839, silver weakened by Rs 2074

At the same time, Anuj Gupta, Deputy Vice President (Commodity and Currency) of Angel Broking says that gold prices are falling globally due to positive news about the Corona vaccine. Despite this, given the current low level, gold can reach Rs 57 thousand to 60 thousand per 10 grams in the next one year. They say that investing in gold in the long term is a profitable deal.

Read also: Gold Price Today: At what price is gold being sold in the bullion market today, know the rate of 24 to 14 carat here

Know how long the vaccine will be available

Union Health Minister Dr Harsh Vardhan said on Sunday that the locally developed Kovid-19 vaccine could complete its final test in a month or two, making the vaccine faster in the world’s second-most-infected country, ie India The expectation of a roll-out increases. The state-run Indian Council of Medical Research (ICMR) and privately held Bharat Biotech launched the Phase III trial of COVAXIN in this month, which would include 26,000 volunteers. It is the most advanced Indian experimental vaccine.

Preparation for maintenance of cold chain

Preparations for maintenance of cold chains for Corona’s vaccine have begun on a large scale. For this, cold chain is being strengthened along with building cold stores in Kovid centers. The central government has estimated 500 million doses of corona vaccine by May and June next year. In view of this, the states have been asked to prepare a complete vaccination plan. On the direction of the Center, the government has formed a task force at the state, district and block levels.

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