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- 28% Of Urban Indians Want To Buy Gold In The Next Three Months, 61% Of Them Are In The Age Group Of 41 55 Years
New Delhi3 minutes ago
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Kovid restrictions have been lifted in most states of the country. In such a situation, the trend towards gold among urban Indians is getting stronger again. According to an online survey by market research firm YouGov Omnibus, 3 out of 10 (28%) urbanites want to buy gold in the next three months.
58% are planning to buy gold for a family member
Three out of every five who want to buy gold, ie 58%, are planning to buy gold for a family member. Among those who wish to buy gold for personal use, 61% are in the urban age group of 41-55 years. Whereas the percentage of youth below 24 years is 54 and the percentage of people in the age group of 24-40 years is 56.
Great Opportunity to Buy Diwali Gold
The survey also revealed that 69% of gold buyers believe that Diwali and the festive season are the best times to buy gold.
People in Eastern India pay more attention to discounts and offers
The survey has revealed that people from eastern Indian states like West Bengal, Orissa, Bihar and Jharkhand look for hallmarking and discounts or offers while buying gold. On the other hand, people in the southern states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana pay more attention to the making charges while taking gold.
Gold came down by more than 9 thousand rupees
In August 2020, the price of gold had reached its all-time high. In August 2020, it had reached a record level of Rs 56,200. Right now gold has come to Rs 46,826, that is, since then gold has become cheaper by Rs 9,374.
Gold can go up to 50 thousand again by the end of the year
According to Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities, petrol and diesel prices are likely to increase in the coming days due to the rise in crude oil prices. This can increase inflation. In such a situation, by the end of the year, the price of gold can reach 50 thousand rupees. On the other hand, till Diwali, gold can go beyond Rs 48 thousand.