The golden opportunity to invest in gold, fell from the highest level to Rs 9017 per 10 grams

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New Delhi, Saturday 6 February 2021

Gold prices have been declining for 5 consecutive days, the spot price of 24 carat gold in the bullion market has dropped by about Rs 2,000 per 10 grams, meanwhile silver has also seen a decline of Rs 2303 per kg, gold from its highest level at 9017 per 10 grams While the rupee has depreciated, silver has also depreciated from an all-time high of Rs 8,585.

As some experts believe that the uncertainty in the stock market has now subsided, and margins have fallen in the last two days due to rising, investment in gold is now being withdrawn and capital is now pouring into the stock market. Gold has fallen sharply in the last two days, although the decline is temporary and gold will see a full pink rally again.

Expressing confidence in gold, some experts said that the global market has low interest rates, ETFs are still buying, valuations are high in the equity market, and any correction will boost gold. However, in a month or two, its price can go above Rs 50,000 per 10 grams. If the US does not get an incentive package, gold prices could rise again, with experts confident that gold will reach Rs 52,000 again.

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