Gold Price Forecast – Will Gold Rates Fall Before Akshaya Tritiya? Experts Predict…

Gold Price: Are you also a gold lover? Planning to buy gold on Akshaya Tritiya? Then today’s article is just for you. Experts have given a big update on the price of gold and silver. Are gold prices going to fall? If they fall, then how much will they fall? As per Paresh Chauhan of All India Bullion Company said, in the current international situation, America itself is confused about what effect it will have on gold.

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Gold Price: Are you also a gold lover?
Planning to buy gold on Akshaya Tritiya?
Then today's article is just for you.
Experts have given a big update on the price of gold and

Until the next economic data related to America and China comes, there is no possibility of the rate coming down. In simple words, in the short term i.e. for the next three months, the possibility of a fall in the price of gold is very low. Is this the right time to invest- Experts believe that this is a good time for long term investors, but there is less hope of profit in the short term. They say, “Gold is not a trading commodity, rather it is an alternative currency. In India, people buy gold but do not sell it, so the return is not calculated like it is in an FD or share. If you are getting 7% return from the bank, then you will get the same or less return in gold.”

What is the advice for small investors- Experts believe that the situation can be a little complicated for small investors. “If someone buys gold worth Rs 1 lakh, and he needs it immediately, then 3% GST, TDS and making charges can be deducted while selling. Due to this, he can get only 95-96% of the total value.” Investment in jewellery or bullion- There is a belief in the market that buying jewellery is not an investment. Experts advise that if you want to invest, then do it in bullion i.e. gold bricks or coins.

“When you buy jewellery, expenses like making charges and polishing are added. When you go to sell it, the shopkeeper often reduces the rate by questioning its purity.” Gold business and international trend- Gold imported from abroad in India is often stored in free zones (like Surat, Sricity).

It is brought into the country only when needed. This business is done on very thin margins – sometimes only 0.01% profit is earned on one kg. Therefore, even a slight fluctuation in the market can change the mathematics of the entire business. Is the rate different in small cities? Yes, experts say that “if you sell gold in Mumbai, the rate will be different and it will be less in cities like Jalgaon, Solapur. Because the dealers there send the goods to big cities, they also add the cost of transportation and risk. In such a situation, the small customer may have to suffer losses.”