Great opportunity to buy gold! So far ₹ 10,000 cheaper, know what experts say?

Gold buying surges in India

Gold buying surges in India

There has been a tremendous increase in demand for gold in India this week. Gold Price Today (Gold Price Today) has reached near 8-month low. Gold fell by Rs 46,130 per 10 grams on Friday after a sharp fall of Rs 1,200 this week.

  • News18No
  • Last Updated:February 21, 2021 1:19 PM IS

New Delhi. There has been a tremendous increase in demand for gold in India this week. Gold prices have reached an 8-month low. Gold fell by Rs 46,130 per 10 grams on Friday after a sharp fall of Rs 1,200 this week. After an increase of more than 25% in the year 2020, gold prices have improved rapidly this year. In 8 months, the price of gold has decreased by more than 10 thousand rupees. Earlier in August, gold reached its alltime high of 56 thousand 200 rupees. But since August, gold has become cheaper than 10 thousand rupees.
What do jewelers have to say?

A dealer in Mumbai said that jewelers are keen to make inventory for the festival and wedding season. Gold also fell sharply this week amid a surge in US bond yields in global markets. In the international market, gold has reached US $ 1,791 per ounce. Gold is at $ 1,784 an ounce at the global futures price comex. Right now, gold has come down from $ 1800 an ounce level.

Also read- Before taking a gold loan, keep these things in mind, otherwise a penalty may be imposedWhat do the experts say?
Experts believe that if you want to buy gold and silver, this may be the right time. Many analysts say that due to the decrease in gold prices, there can be tremendous buying. It is attracting customers. They should still take advantage of continuing monetary policy in gold and lower interest rates this year. This year, gold has become cheaper by 10 thousand rupees in the last few months. In the Corona crisis, it reached the level of 55 thousand rupees. Experts say that gold prices have continued to decline since the onset of Corona vaccination. Economic activity is expected to pick up speed after vaccination.



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