Gold Price Update: Buying gold in the bullion market is no longer easy, as the price is constantly recorded at sky-high levels. Gold is being sold at its highest price in the market these days, and by buying with you, you can save money. In the capital, Delhi, the rate of 24 carat gold is being sold at Rs 93,000 per ten grams.
If bullion experts are to be believed, then there can be a substantial fall in the price of gold in the middle. According to the expert, the cost of gold can come down by Rs 12,200 in the middle, due to which customers are sure to get good news.
Along with this, the rate of gold can go up to Rs 1,37,00 in the coming year. According to the expert, the demand for gold is continuously increasing amid uncertainty in the international market. Due to this, a trend in gold prices can be seen.
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How much will the price of gold fall?
Do you know that the price of gold can become very cheap, due to which customers will get good news. According to commodity expert Kishore Narne, gold prices may see volatility around $3,200 per ounce for some time. In the long term, prices will go up further. If we calculate the cost of 10 grams of gold in Indian currency, it is expected to be around Rs 97,800.
If the gold rate falls by $300-400 per ounce (5-8%), it will be a good opportunity for new investors to buy. If we compare this fall with the rupee, a decline of Rs 25,669 to Rs 35,224 can be seen. Also, if we calculate this reduction in 10 grams, the price of gold can fall from Rs 9,200 to Rs 12,200. This can be a good opportunity to buy gold.
Know what gold experts are saying?
According to Kishore Narne, Commodities Director and Head of Motilal Oswal Financial Services, there is no limit to the price of gold. Despite the rapid price increase in recent weeks, he believes that gold can reach $4000 to $4500 per ounce.
If it is converted into Indian currency, the price of gold can be recorded between Rs 3,42,240 and Rs 3,85,020 per ounce. Anyway, the rate of 24 carat gold in India can soon reach Rs 1,22,229 to Rs 1,37,507 per ten grams.
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