Know the price of 22 carat gold in your city
In New Delhi, the price of 22 carat gold has closed at Rs 47,050 per 10 grams. 45,300 in Chennai has been made. According to the website, the new price in Mumbai is Rs 47,120. The price of 24-carat gold rose by Rs 380 per 10 grams to Rs 51,330 on Wednesday, from Rs 51,710 in the previous trading session. Silver fell from Rs 67,500 to Rs 900 per kg to Rs 66,600 per kg in the previous trade.
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Why did the price of gold rise?
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the fall in gold prices has been registered due to the strengthening of the dollar. At the same time, the fall in the price of gold on the New York-based commodity exchange has also affected the Indian bullion markets.
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How much will you get from buying at the current price
Experts believe that by the end of this year, the price of gold can reach 60 thousand rupees per 10 grams, breaking its previous record. In such a situation, investors can take a strong advantage if they buy with a period of 6 months and stoploss. If we talk about the investment of gold, then last year gold has given 28 percent return. If you are investing for the long term, then gold is still a very safe and good option for investment, which gives great returns.
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