New Delhi: The wedding season has started in India amid Corona crisis. People definitely buy gold at this time. If you also want to buy gold, then buy it soon. Because with the beginning of the wedding season, once again the price of gold and silver has come down. The fall in gold rates will surely please gold buyers as the entire gold has once again become cheaper.
On Friday, the last trading day of this week, the gold price fell. Actually, gold is not traded due to the holiday on Saturday. On Friday, gold closed down 212 per 10. Gold became cheaper by Rs 212 and closed at Rs 47,560 per 10 gram level. Silver, however, declined by Rs 508 to close at Rs 68,710.
Gold prices have also fallen in international markets. Talking about global gold prices, spot gold has slipped 0.4 percent to $ 1,777.24 an ounce, while US gold futures fell 0.2 percent to $ 1,777.8 an ounce.
Significantly, the wedding has started in the marriage season, but before this, the price of gold has seen a steady increase. In such a situation, the problems of gold buyers are increasing. Currently, gold remains at the level of Rs 47000 per 10 grams. In such a situation, if you want to invest in gold right now or want to shop for weddings in your family, then gold is currently 47 thousand. So this can prove to be the right opportunity for you to buy gold.
Even in terms of investment, the price of gold may be in the range of Rs 47,000 but it is continuously increasing. In such a situation, if you invest in gold, then you can get good returns in the coming time? Compared to the all-time high, gold is still getting cheaper by around Rs 9000 per 10 grams. Significantly, in August 2021, gold touched a high of Rs 56,200 per 10 grams.
It is expected to increase its price in the coming days. According to experts, the price of gold in the domestic market can go up to Rs 50,000 per 10 grams in the coming days. These people say that the weakening of the rupee against the dollar, the fall in US bond yields and the rise in unemployment in the US have supported the rise in gold. Apart from this, investors are also worried about Corona’s rapid rise and are looking at gold as a better investment option.
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