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How much will the gold fall and is it the right time to buy gold, know 10 important things

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Gold Rate Today: The price of gold is now close to 44-55 thousand rupees.

New Delhi:
Gold Price Today: Is this the right time to buy gold, it is waiting for you to fall more price (Gold rate today). But in the wait, the gold should not be 50 thousand again. In such a situation, when to buy gold, what precautions should be taken, Anuj Gupta, deputy vice president of brokerage firm Angel Broking (Commodity & Currency). Gold has become cheaper by about Rs 12,000 per 10 grams in the last seven months. In August 2020, the price of gold was Rs 56,200. In Delhi Bullion Market, the price of gold was at Rs 44,286 per ten grams on 10 March.

If you are going to buy gold, then consider these things first

  1. gold price But currently the effect of stock market fluctuations is less. Instead, the effect of crude oil, dollar, bond yields and geopolitical conditions is visible on gold.

  2. Generally Holi People do not buy gold jewelery till 10 days before and 10 days after. In such a situation, with the commencement of Navratri from April 13, the right time for gold shopping and subscription will also increase.

  3. Gold is currently priced at 44200-300, it may come down by one or two thousand rupees now, but the price is not likely to fall much more than this. Gold price may again pick up from mid-April and Wedding anniversary Till then it can touch the height of 50 thousand rupees again.

  4. In view of the auspicious occasions like harvesting, Gudi Parva, Akshaya Tritiya, procurement is likely to increase in the end of April and May. Akshaya Tritiya (Akshay Tritiya Date) is on 14 May.

  5. Before the lockdown last year, today the price of gold was around 40 thousand rupees per tola, currently it will be stable around 44-45 thousand rupees. If you are thinking that it will reach 40 thousand rupees back then you will probably feel disappointed.

  6. If you want to buy gold as an investment, then Gold Bond and Gold ETF are also a better option. Gold bond gives a return of 2.5 percent. It is a good means to meet the needs of gold in the future.

  7. Some branded jewelers also give a chance to buy gold in the 12th month with good returns by depositing the money for 11 months. With this, you can get gold in today’s rate in future.

  8. Hallmarking on Gold It is also mandatory to buy gold in such a way with hallmarking. It also increases the price of your gold with a seal on quality.

  9. One more thing, definitely take a surety bill on the purchase of gold, it also becomes a guarantee of your quality purchases and correct returns.

  10. The impact of the reduction in Gold Custom Duty has already been seen on its prices. In such a situation, there is no scope for much reduction in the rate after April.

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