"Gold prices have fallen following the strengthening of the dollar after Donald Trump gave a speech following his victory in the US elections," said Surendra Mehta , national secretary of India Bullion & Jewellers Association (IBJA). "Gold price is falling as an initial reaction to Trump's speech. "Mehta expects the trend of falling prices to be temporary. "However, it is the right time to buy gold for those who have marriages lined up in their families. "The gold price fall will be a permanent one if Trump takes measures to improve the economy of the US, which, however, will take some time," he added.

Source: Economic Times November 06, 2024 19:04 UTC