Gold may test a higher price this year ahead of the FOMC meeting later this month. This means gold to rise in the second half of the year. Melek points that the focus of the gold market currently, will be all about the rate increase by the feds.
gold price in comparison to Monday just past fell as the outlook for inflation and the federal reserve financial policy. The positive outcome of growth in Indian gold price failed peak over the 32,000 price mark while the 22 karat gold price per 10 grams was slightly higher.
gold price prediction for India looks to be quite positive in the second half of this year. The price last year, on 13 March 2017 was steady at 28,245 rupees per 10 grams. Looking at this time last years price against today's price at today's price at 30,277, it is 2,032 rupees more. gold price in India is now recovering and seems to have a higher growth rate compared to last year.
Meanwhile, silver price in India and other major cities, remain the same and steady. Highest silver price in India in the month of March 2018 was 39,430 rupees kilogram while the lowest silver price was 37,891 rupees. Silver price on 01 Mar 2018 was 37,891 rupees per 10 grams.
A report from Reuters expected the US inflation to edge higher last month, with a prediction that gold should be peaking its highest level for the year ahead. This was according to the Federal Reserve with increasing pressure on our current gold price.
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