Gold Rates today 26th May 2024

Generally, the U.S. dollars denominates gold, and the value of the dollar can have a significant impact on the price of live gold. As the dollar strengthens, it can make gold a bit more expensive for foreign investors, driving its price lower in the process. On the other hand, a weaker dollar could lead to a slight decline in the price of gold for foreign investors, making gold more expensive in the process Changes in the U.S. dollar. in dollar terms is a major driver of day-to-day fluctuations in live gold prices.

The increase or decrease in the demand for gold jewelry can also affect the gold prices. For example, the gold jewelry market is outstanding in India. If the demand for such jewelry is strong, the price of gold may rise. However, if the demand for jewelry slows down, it can be reflected in a fall in the price of gold.