There is a decline in the prices of gold these days, but they are considered to be temporary. According to experts, the price may increase from July onwards, so this is the right time to invest.
gold investment opportunity
Gold has always been a favorite metal for Indian investors. In such a situation, this opportunity is the best for investing in it. Because at this time gold is getting cheaper by Rs 10,000 from the record level. Its prices are decreasing continuously, but in the coming days after the trend reversal, its prices will reverse soon and it will become expensive. Therefore, this is a golden opportunity to invest to earn big money through gold.
Let us tell you that last year gold gave a return of up to 28 percent. Last year also the return of gold was around 25 per cent. If you want to invest for a long time, then gold is a very safe and good option. In this you can get great returns. Gold is not only considered a precious metal but also an auspicious metal for the people in India. That is why it is bought on a large scale in weddings. India is the second country in the world where gold is consumed the most.
Price may increase by more than 48 thousand
According to commodity experts, gold will become expensive after July. Right now the decline in this is temporary, investors need not panic because of this. Gold investors should see this fall as a buying opportunity. After the trend reversal, gold can reach 48,500 per 10 grams in a month.
import price cut
Due to the fall in the prices in the foreign market, the Government of India has cut the base import price of gold and silver. Base import prices, usually revised every fortnight, are used to calculate duties on gold and silver that individuals bring into the country. According to the government notification, the duty value on imported gold and silver is now $566 per 10 grams and $836 per kg. This notification has been implemented with effect from July 1, 2021.
Also read: Gautam Adani dropped from the list of world’s top 20 rich, lost $ 17 billion in 17 days
Big news: Domestic gas cylinder became costlier by Rs 25, the common man got a shock early in the morning
.