During the season of war, festivals and weddings, gold can reach 75,000

- Building clouds for a world war, election situation in India and lack of rain will affect gold prices.

- It is not very easy for the middle class to buy 63,500 rupees worth of gold. But he saves money and waits for a good moment. Investing in gold comes in the list of direct savings. Instead of just six percent interest earned on deposits in banks, investment in gold can give double returns

- Gold plated 24 carat iPhone mobile buyers are also in India and there are gold shirt wearers too. There are also those who eat gold leaf sweets and there are also many people who offer golden umbrellas to God. A gold watch is seen on the wrist of many people

Gold prices are shining again in the wake of summer and marriage season. The upswing in gold prices is not only due to Diwali festivals, marriage season but also due to looming clouds of world war, election situation in India and lack of rains. Ten days later is Dhanteras. People whose wedding bells ring there and the upper middle class will go to buy gold when they see the opportunity to buy it. At the time of writing today, the price of gold was Rs 63,500. Some observers say that the price of gold will touch 75,000 soon.

The main reason behind the increase in gold prices is the festive and marriage season buying in the market. A special budget is allocated for the purchase of gold in Indian weddings.

All the factors associated with rising gold prices are going positive. Which is known as raw gold, then oil prices are also going to increase. Gold is used for ornaments and for giving gifts on auspicious occasions like kanyadan. A gift of gold is associated with emotion. Everyone knows the use of gold is natural but despite it being so expensive, people still buy and hoard gold.

When the season of festivals and weddings comes, there is an increase in the purchase of gold. According to the commercial market, as the demand arises, its prices also increase.

Looking at the way the war clouds are gathering in the world, it seems that gold prices will register a rise soon. What is important here is that pausadars buy gold as a luxury item.

There are also gold plated 24 carat iPhone mobile buyers in India and gold shirt wearers too. There are also those who eat gold foil sweets and there are also many people who offer golden umbrellas to God. Gold watches are seen on the wrists of many people. From the rich class, the upper middle class and the middle class, there is a fondness for gold at every level. Gold smuggling is at the top of the smuggling business. People hide gold in different spots of the body and bring it in business.

In some sections of the elite society, it is customary to give more than 50 tolas of gold to a daughter at the time of marriage. This custom was practiced when gold was weighed at 1000 rupees, even though today the price of gold is 60,000 rupees, that custom is being followed. It is said that the practice of giving gold was started to meet the uncertain future which has become a permanent custom today.

The tiara offered to Lord Ranchodharai of Dakor in major festivals is worth crores of rupees. Devotees in Tirupati offer gold ornaments before Lord Tirupati by wiping their eyes. Such things are associated with faith.

Gold consumption in India has been increasing continuously. In the previous years of Corona, its consumption was 797.3 tons. After the decrease in purchases during the corona period, consumption and purchases increased again. The demand for gold in 2021 was the highest in the last six years.

According to Gold Council data, the demand for gold in India is continuously increasing. Import of gold has increased by 165 percent. In 2020, 349.5 tons of gold was imported, which has increased by 165 percent to 924.6 tons today. According to an unofficial estimate, India imported gold worth 3.5 billion dollars in August 2022, while in 2023, gold import has reached 4.9 billion dollars.

We buy more gold there during Dussehra and Dhanteras. High-end gold brands are constantly advertising to induce people to buy gold. People who want to buy gold never wait for Dussehra or Dhanteras. Rich people buy gold to adjust money. The upper middle class buys gold for ornaments and gifts in children's weddings while the middle class buys gold to be used in necklaces during crisis.

In many middle-class households, gold is sold to pay the child's fees and a small house is bought. The middle class buys gold for the above reasons.

Indians make sure to buy gold during the wedding season. Gold has taken center stage in weddings. In corporate circles nowadays gold and silver coins are given as gifts according to the transaction.

Due to the war between Israel and Hamas, the markets are witnessing a possible recession. In such a situation, the price of gold gets affected.

It is not very easy for the middle class to buy 63,500 rupees worth of gold. But he saves money and waits for a good moment. Investing in gold comes in the list of direct savings. Instead of just six percent interest earned on deposits in banks, investment in gold can give double returns.

A thing woven with gold..

Happy summer gold

Samare Ram in pain

- Thinking long term

Gold buying middle class

For the middle class, investing in gold is a luxury. Gold prices have been increasing continuously. The wise and practical middle class invests in gold considering it a crisis time chain. He invests piecemeal in gold to be used for his children's future marriages. For the middle class, investing in gold is lucrative as its prices continue to rise. It is said that an investment in gold gives double the return of a fixed deposit in a bank. The middle class has proven to be very clever in buying gold in pieces.

If you look at the past, 20 years ago the price of gold was 8000 rupees, today it is going towards 80,000 rupees.