Know the price of your city?
The price of 22 carat gold in New Delhi is up to Rs 47,400 per 10 grams. In Chennai, it has been increased to Rs 45,660. According to the website, the rate in Mumbai is Rs 47,300. The price of 24-carat gold rose by Rs 260 per 10 grams to Rs 48,300 on Wednesday, from Rs 48,040 in the previous trading session. Silver fell by Rs 300 per kg to Rs 67,500 per kg from Rs 67,800 in the previous trade.
read this also- Start this business by taking 35% subsidy from the government, earning up to ₹ 30 lakh, know full details
Why did the price of gold rise?
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the rise in gold prices has been registered due to the strengthening of the rupee against the dollar. At the same time, the loss due to the fall in gold on Monday has been compensated today.
Also read- #Tatastories: Story of a woman who sold her valuables to save Tata’s company from sinking
Expert opinion on buying gold
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 earn profits 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 a return of 28 percent. If you are investing for the long term, then gold is still a very safe and good option for investment, which gives great returns.
Read Hindi News online and watch Live TV News18 on Hindi website. Know news related to country and abroad and your state, Bollywood, sports world, business.