Invested In Gold- Prices Falling: Should You Worry?

Off late gold prices are seeing huge volatility and have fallen remarkably from its all time highs struck in early August this year. And now after the US stimulus hopes being announced before the elections in November are withering away, dollar has strengthened in the international markets which is weighing on the gold prices. Gold on the MCX in India on October 15, 2020 went lower to Rs. 50314 per 10 gm, while last it was trading at Rs. 50425, having gained marginally from day's low.

In the international markets too gold after breaching psychological high of $2000 per ounce is now hovering in the range of $1850-$1890 per ounce, i.e. well below even $1900 per ounce level.

But the current fall should not push investors to book their profits and here are given few compelling reasons as to why any downward drag on the precious yellow metal should not be a concern for you:

{photo-feature}