Gold Price Review: Best chance to buy gold, cheaper by up to Rs 1189

This year, the brightness of gold, which has been cheaper by Rs 5265 so far, has increased slightly last week. The buying of jewelery for marriage will be a little disappointed due to the break on the decline of gold and silver. Weddings season starts in April. While the price of 24 carat gold has fallen to Rs 11189 from last year’s all-time high in bullion markets, but it has gone up to Rs 605 per 10 gram in the previous week. At the same time, silver, which had fallen to Rs 9193 from its high price, also strengthened to Rs 974 last week.

If we talk about this year i.e. 2021, gold has started its worst in the last 30 years. The decline in gold rate started from January itself. This is the first week of this year, in which both gold and silver managed to make good gains.

This is how gold and silver move last week

There may be so much forward

According to Ajay Kedia, director of Kedia Commodities, shopping at lower labels is increasing due to the low rate. If due to this, the rate of gold is going up. It can go up to Rs 46500 per 10 grams. The month of February saw the biggest fall in the gold rate. Bullion markets saw a fall in the rate of gold by Rs 3000, while gold has become cheaper by Rs 12000 from its highest rate.

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