Whenever market fluctuations are talked about, gold and rupee are very important factors. Global and domestic developments have a direct impact on both. Today we will tell you how the movement of gold and Indian rupees will be in the coming days. Talking about the relation between gold and rupee, then these two are contradictory to each other. The same means that when the rupee is strong, gold is seen to fall, and when the rupee is weak, gold is seen to rise.

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Gold will be expensive in the coming times
Gold prices are expected to get a lot of support in the coming times. Both global and domestic reasons can be responsible for this. According to Ajay Kedia, managing director and research head of Kedia Advisory, in the coming days, gold prices can go up to Rs 40,500 per 10 grams in the futures market, and $ 1,590 an ounce in the international market. There may be following reasons behind this increase in prices. 

1. The International Monetary Fund (IMF) has reported in a recent report that in the year 2020 there may be a global slowdown. With this, the IMF has also reduced India's economic growth forecast for the year 2019 to 4.8%. This IMF estimate will support gold in the form of safe haven and prices may rise.

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2. International tensions are going to have a major impact on gold prices. 3 rockets have been fired near the US embassy in Iraq's capital Baghdad on Monday night. The attack could significantly increase tensions between the US-Iran. Earlier on Saturday, a huge attack by Houthi rebels took place in a military camp in Yemen, killing 100 people. As tensions rise globally, gold will strengthen as a safe haven and prices may rise.

3. It is being told that recently, RBI has bought gold after 5 months. This is giving support to prices.

4. The new year is going to start in China from 25 January. During this time there will be a good demand for gold in China, due to which prices can be supported. Due to geopolitical tensions, the prices of crude oil are expected to remain firm in the coming times, due to which the rupee will weaken and its direct effect can be seen as an increase in gold prices.

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