The price of gold had been rising for the past few days, and many people, from ordinary buyers to jewelry traders, were worried. But on Thursday, there was some good news. The slight fall in gold prices in the international market has also affected India. As a result, gold prices in different cities of the country decreased a little on September 18.
It is not clear yet whether gold prices will stay stable. The international market, US interest rates, and domestic demand will affect prices in the coming days. So, if you want to buy gold, now may be a good time.
Gold Remains a Safe Investment
According to economists, gold prices may rise again in the future. So, this could be a good chance for those who want to buy at the current price. Gold is still considered a safe option for long-term investments.
Gold is not just jewelry; for many people, it is one of the best ways to invest for the long term. Experts believe that gold prices can go higher in the coming days.
Even though gold prices have increased, it is still a safe investment. Many experts say that investing in gold for the long term can give good returns. But short-term buyers may face some difficulty at this time.
Current Gold and Silver Prices
On Thursday, September 18, the price of 22-carat gold is ₹10,395 per gram. 18-carat gold is ₹8,535 per gram. 1 kg silver costs ₹1,26,087. When buying gold or silver, an extra 3% GST will be added.
In the last few years, gold prices have risen rapidly. Many people now find it profitable to invest in gold along with other investments.