Gold Price Forecast: If you have a wedding in your home and you are thinking of buying gold or diamond, then there is good news for you. The wedding season is about to begin in the country. In such a situation, you will be able to buy gold cheaply. At the same time, diamond has also become cheaper. There has not been a bounce in the price of diamonds for a long time.
new Delhi. If you have a wedding in your home and you are thinking of buying gold or diamond then there is good news for you. The wedding season is about to begin in the country. In such a situation, you will be able to buy gold cheaply. This year, gold prices will fall on the wedding season. At the same time, diamond has also become cheaper. There has not been a bounce in the price of diamonds for a long time. In such a situation, this may be the best time to buy diamonds. Yogesh Singhal, president of the Bullion and Jewelers Association of Sarafa Market in Delhi, told News18 that prices in the small diamond category have come down. Ring, necklace is in great demand among middle class Indians.
Gold demand will increase in April, May and June
According to Yogesh Singhal, the gold price can be up to 42,000 during the wedding season. In the last few months, there has been a decrease in the price, although there has been a slight increase but gold may become cheaper in the coming time. At present, gold has reached the level of Rs 44,701 per 10 gram (Gold price today). If we look at the price of yellow metal, it has become cheaper by about Rs 11,500 from its all-time high. In August, gold had touched an all-time high level of about Rs 56,200.
will fall to $ 1500 per ounce.
If another jeweler, Ashish Zaveri, believes that gold will fall further. The price of yellow metal can be seen as low as $ 1500 per ounce, after which it will show stability. According to this, gold can reach around Rs 38,800 per 10 gram level according to Indian rupees. However, there are some signs that are showing signs of rising gold prices.
Know, how much is the price now?
Let us know that on 2 April, MCX (Multi-Commodity Exchange) was closed due to Good Friday. Earlier, after a huge improvement in precious metals in the global markets, gold rose by Rs 881 to Rs 44,701 per 10 grams in the Delhi Bullion Market on Thursday. In the previous trading session, gold had closed at Rs 43,820 per 10 grams. Accordingly, the price of silver also rose by Rs 1,071 to Rs 63,256 per kg. In the international market, gold rose sharply to $ 1,719 an ounce while silver remained almost unchanged at $ 24.48 an ounce.