Can gold be bought now?

  • Post category:Gold rate

Highlights:

  • On top of the pasidi
  • The same is true in 2021
  • There are many reasons for this

Pasidi scored. The price of gold rose sharply last year. In 2020, the price of gold skyrocketed. The pound has risen 28 per cent in one go. This is the second year in a row that the price of gold has risen to this level.

With this many people wept over gold. Money is also expected to be invested in pasidi. Good. Will the price of gold rise this year as it did last year? That is the question here. Let us now know what the experts are saying to your question.

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Investment experts predict that the price of gold will continue to rise in 2021. IGPC chairperson Arvind Sahai said the price of gold would rise by another 20 to 25 per cent in 2021-22. He said the stock markets had not yet returned to normal and there were some institutional risks, so the price of gold could rise.

Anmol founder Datwani said that the price of gold will gradually increase in 2021. Snehal Choksi, director, Shobha Srinagar Jewelers, also said that the price of cash would go up. The pound sterling rate in the international market is expected to reach $ 2,300 an ounce.

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However, Phinology CEO Pranjal Kamra said that the price of gold did not return to last year’s return in the coming years. He explained that the economy is recovering and factors such as vaccine availability and liquidity availability are having an impact on gold.

However, Kotak Securities Commodity Research Vice President Ravindra Rao said that gold was bullish. Suggested that it is better to invest in gold. Inflation fears, dollar weakness and the re-emergence of the corona virus are some of the factors that have strengthened the pound.