Falling from the sky at the speed of a tsunami to the ground! How much more will the price of gold and silver fall?

Sanchita Chatterjee, BS News Agency: You will be surprised to know the price in Kolkata. The continuous rise of the US dollar in the global market and the strict stance of the US Federal Reserve on interest rates have led to a major collapse in the prices of gold and silver in the international market. Today, Friday (June 26), the prices of these two precious metals have further decreased. According to economic experts, the US dollar has reached its highest level in the last 13 months at 101.50 in the global market, which has put severe pressure on gold. In addition, as the possibility of a reduction in interest rates by the US Fed in the near future has decreased and the fear of an increase in interest rates has increased, investors are rushing to sell gold and take profits, which has directly affected the retail market. According to the latest price in the retail market, the price of 24-carat gold has fallen by 940 taka per 10 grams in the last 24 hours. Yesterday, the price of this gold was 1,41,070 taka, but today it has decreased to 1,40,130 taka. Similarly, the price of 22-carat gold, the choice of the middle class, has also decreased by 860 taka per 10 grams. As a result, 22-carat gold is being sold at 1,28,360 taka today, down from yesterday's level of 1,29,220 taka. On the other hand, the silver market is also in a recession. Yesterday (June 25), the price of silver fell by 10,000 taka per kg; in comparison, today, it has decreased by another 100 taka per kg to 2,34,900 taka.

However, global brokerage firm UBS (Union Bank of Switzerland) considers this fall in the price of gold and silver to be temporary. According to the company's latest forecast, even though the price of gold has fallen by about 28% from its peak in January this year, the price of gold in the international market may reach $ 5,500 per ounce by the end of the year. That is, the price of gold and silver is likely to increase by up to 36% from the current level in the next six months. As a result, according to some experts, this decline in the price of gold can be a big opportunity for ordinary buyers for long-term investment.

According to the information published by bullions.co.in, there is a slight variation in the price of gold in different cities of the country. In the capital New Delhi, the price of 24-carat gold is Rs 1,43,050 per 10 grams and the price of 22-carat gold is Rs 1,31,129. In Mumbai, 24-carat gold is being sold at Rs 1,43,290, and the price of 22-carat gold is Rs 1,31,349 per 10 grams. In Kolkata, the price of 24-carat gold is Rs 1,43,100 per 10 grams, while the price of 22-carat gold is Rs 1,31,175. In Chennai, the price of 24-carat gold is the highest at Rs 1,43,710 and the price of 22-carat gold is Rs 1,31,734 per 10 grams. Besides, in Bengaluru, the price of 24-carat gold is Rs 1,43,410 and 22-carat gold is Rs 1,31,459. In Hyderabad, 24-carat gold is being sold at Rs 1,43,520 per 10 grams and 22-carat gold at Rs 1,31,560. On the other hand, the price of 1 kg silver has decreased to Rs 2,22,070.