Great opportunity to buy gold
Gold Price News: If you want to buy gold, then this is a good opportunity, because at this time gold has come at the lowest level of 11 months. Let us know that the price of gold has come down by 22% so far. In such a situation, it will be very important for you to know whether its price will fall further.
Will gold prices fall further?
Experts believe that the weakening of gold prices may not be for long. Weakness in the dollar, rising inflationary pressures and monetary expansion have had a direct impact on the gold price.
Know how much can be cheaperAnalysts are assuming that there will be a further decline in gold. It is believed that gold can fall to $ 1500 an ounce, after which it will show stability. That is, if seen in Indian rupees according to this, gold can come down below 40000 thousand.
That’s why gold prices are going down
Chirag Mehta, Senior Fund Manager, Quantum Mutual Fund, said that with the excess economy getting stuck in excess spending, the expectation of strong market inflation and the downtrend of the dollar, the gold price in the international market saw some positives in the coming weeks. May go.
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Investors around the world invest heavily in American bonds. Big investors are investing in gold to make bond yields attractive. Therefore, investment in gold has decreased in the international market and this is also a big reason for its prices to come down. Apart from this, the strength of the dollar has also reduced the demand for gold. Because it is expensive for other currency holders to buy gold in dollars.
Invest or not?
It is a good time for an investor to invest in gold, says Chintan Hariya, Product Development and Strategy Head, ICICI Prudential AMC. Last year too, gold returns were around 25 per cent. If you are investing for a long term, then gold is still a very safe and good option for investment, which gives excellent returns. However, experts are assuming that gold can go below the level of 40 thousand, so you can wait a few more days.