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Gold Price: Recently, there has been a significant change in the trend of gold purchasing. Earlier people used to buy jewelery to wear. But now many people have started buying gold as investment.
The prices of gold and silver are continuously increasing. Middle class people are being seriously affected by this. In this situation, if you are planning to buy gold now then this news is for you.
Market experts say that the price of gold is likely to increase further in the coming days. After the festival of Diwali, the price of gold has increased by 10% to 15%. But, it is being said that this growth will not stop here.
Chetan Mehta, Chairman of Lakshmi Diamonds, said that the price of gold is likely to increase by another 10% to 20% in the next two to three months. He said that this situation has arisen due to buying of gold by major central banks and investors in the international market.
Recently, there has been a significant change in the trend of buying gold. There was a time when people used to buy jewelery to wear. But now, many people have started buying gold as investment. Due to expectations of rising gold prices, the demand for investment gold has become higher than for jewellery. Moreover, with the onset of wedding season, the trend of buying jewelery is likely to increase again, say experts.
Due to expectations of rising gold prices, the demand for investment gold has become higher than for jewellery. Moreover, with the onset of wedding season, the trend of buying jewelery is likely to increase again, say experts.
Meanwhile, some new trends are being seen in buying diamond jewellery. According to Chetan Mehta, the diamond market is now stable. The demand for jewelery studded with small and medium weight diamonds remains constant. Consumers are now showing more interest in purchasing diamond jewelery that is comfortable to wear and beautiful to look at.
Overall, due to high demand in the international market, investor interest and wedding season, the price of gold is likely to rise in the coming months. Therefore, people planning to buy gold should decide in advance, experts suggest.
