Gold investment- Currently gold is getting cheaper by Rs 10,000 than the record high. According to experts, the price of gold can go further down.
New Delhi . If you are thinking of buying gold, then this is the best opportunity for you. This is because currently gold is getting cheaper by Rs 10,000 (Gold rates) than the record high. According to experts, the price of gold may go down further.
Apart from this, there are many triggers, including signs of raising rates ahead of US Fed’s expectation, a strong dollar and averting China’s Evergrande crisis, which are putting pressure on gold. Is this the right time to buy gold or just wait for a while… know here…
10,000 jobs in the first year
look at gold moves in one year, in August 2020 the price of gold was Rs 56,191 per 10 grams, while gold prices in September 2021 to Rs 46,000 per 10 grams.
The major reason
for the fall in gold is that the dollar index has reached a one-month high. Fed has hinted at raising rates earlier than expected. Fed may finish the package by mid-2022. There is a boom in vaccination, signs of recovery are visible in the economy. Meanwhile, the averting of China’s Evergrande crisis has also put pressure on it.
There is an opportunity to invest
in gold There has been a big fall in gold in the festival season. Gold has slipped to a low of 6 weeks. The price of gold on Comex is close to the level of $ 1750, while it is trading at the level of 46,000 on MCX. SPDR Gold ETF holding declined by 8.1 tonnes. On Thursday, the holding was down 0.8% at 992.65 tonnes. The price of gold has reached about 20% below the record high. A record high of 56191 was made on 7 August 2020.
In this way, you can check the purity of gold,
if you now want to check the purity of gold, then an app has been made by the government for this. With the BIS Care app, customers can check the purity of gold. Through this app, not only can you check the purity of gold, but you can also make any complaint related to it.
