Gold prices have started falling with cooling of tension between India and Pakistan and easing of US China trade worries. In Delhi, gold bullion rates hit ₹91,600 per 10 grams on May 15 and in Mumbai, the prices hit ₹91,700 per 10 grams. It is worth recalling that around a month ago, gold prices had hit almost ₹one lakh.
There were several reasons which pushed gold prices upward this yearincluding US trade war with China, fear of recession and weakened US dollar. With easing of trade worries, gold prices are going into a tailspin and have already lost around 9 percent from their all time highs only a month ago. This offers a good buying opportunity to investors who want some exposure to the safe haven.
