Gold prices are very volatile depending upon the demands. The coming festive and wedding season are likely to increase the gold demands. Atmosphere of shopping has been created all over the markets. However, market experts are assuming the same level as of the last year. Prices of Gold has dropped down in recent days in result which can increase the volume in the markets.

Prices are decreasing due to the pressure from the global market. Gold is close to the biggest drop of the last two years. Currently it’s trading at the lowest level of the last four months. There are signs that Federal Reserve may raise its rates. Along with the decline in Gold prices, Silver prices also soared.

Some days before it was expected that prices of Gold would rise over and cross through 32,000 but after the market drop on Wednesday, Gold prices continue moving downwards. Yogesh Singhal Adhydwa Delhi Bullion Market Association says it won’t be a wonder if prices of Gold drops at 30000 per ten grams. A long wedding season compared to last year could aid the market with the shopping of precious metals jewellery.