Buy gold now before jumping 65 thousand in December - Newztezz Online


Monday, November 16, 2020

Buy gold now before jumping 65 thousand in December

Gold prices fluctuated significantly between Dhanteras and Deepawali, considering the number of buyers. Even in the festive season, gold prices have not seen as much growth as was expected. The effect of continued fall in gold prices from August was also seen in the festive season. If you want to buy cheap gold after the festival then this is a great opportunity. Making gold silver jewelery has been an age-old tradition in India for the most sought-after occasions like buying gold. Market experts believe that the price of gold will increase significantly in December. According to financial services and market research firm Motilal Oswal Financial Services, the demand for gold will improve in the fourth quarter of this calendar year due to the policy of keeping the interest rates of central banks cheaper and the last buying season in India.

In its report at the firm, gold has been described as a good option for long-term investment. According to a report released by the firm, gold has given a gain of 159 percent in India in the last decade, while the domestic stock index Nifty has given a profit of 93 percent during this period. It has been said in the report that the price of gold can go up to 65-67 thousand rupees per ten grams in the long term. Earlier on Thursday, gold had closed at Rs 50,184 per 10 grams. Similarly, silver also rose by Rs 161 to Rs 62,542 per kg. Silver had closed at Rs 62,381 per kg on Thursday.

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