Why Gold Price Fall: Gold, which was breaking its all-time record till a few days ago, is now continuously falling. The fall is such that in the last 10 days, the price of gold has fallen to 6 thousand. This fall in the price of gold is continuing at a time when on the one hand the wedding season is at its peak and on the other hand the stock market is down. Gold, which has made its mark as a safe investment, is not able to increase its price even in the falling market. The same is the case with silver. In such a situation, the situation is that gold in India has now become cheaper than in countries like UAE, Qatar, Oman, and Singapore. These are the countries that are famous for buying gold. Now the question is why is there a fall in the price of gold in India? Why has gold started falling suddenly? 

Is gold getting cheaper in India?  

There is a continuous decline in the price of gold in India. Gold has fallen by more than 6 percent in a week. On November 16, the price of gold in India became cheaper than in countries like Qatar, UAE, Oman, and Singapore. Gold has reached Rs 75650 per 10 grams in India, while the price of gold has increased in countries like Oman, UAE, and Singapore. Gold in Oman rose to Rs 75763 per 10 grams. While the price of 24-carat purity gold in Qatar reached Rs 76293 per 10 grams.

Unlike India, gold is getting expensive in these countries. Aries 

The price of gold depends on many factors. There are many factors like global market conditions, and geopolitical tensions, which affect the price of gold. Israel and Gaza war in Middle Eastern countries is a big reason due to why the price of gold is increasing. Investment in gold is increasing. The demand for gold as a safe investment is increasing. Demand is directly connected to the price.   

Status of gold in India and international connection  
  
In India, unlike the Middle East, the price of gold continues to fall. The fall in the gold rate here last week was the sharpest weekly fall in the last 3 years. In such a situation, questions may arise in the mind that what happened in India is that gold is falling continuously. Let us tell you that the biggest reason for the fall in the price of gold in India is the strength of the dollar. Now a question may also arise that why does gold start falling when the dollar rises? Let us tell you that there is an opposite relationship between dollars and gold. When the dollar strengthens against the rupee, the price of gold starts falling, because the country has to pay a higher price to buy gold. The US Dollar Index (DXY), which measures the strength of the dollar against major foreign currencies, has reached the mark of 106 points. Reaching this high level of the dollar means less purchase of gold, because gold is traded in dollars. Due to the rise in the price of the dollar, the country has to spend more to buy gold, due to which the demand decreases and the price starts falling. 

Is this the right time to buy gold? 

The dollar's long-term high US bond yield has also put pressure on gold. At the same time, it is believed that due to rising inflation in America, the US Federal Reserve may postpone the interest rate cut for the time being. The effect of this is also being seen on the price of gold. In such a situation, if you are planning to buy gold, then the advice of market experts can be useful. According to market experts, this is a good time to buy gold. It is believed that in the coming few weeks, the price of gold may fall by about Rs 5 thousand.