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- Gold Price; Gold’s Brightness Increased Again This Week, But Silver Became Cheaper Than Thousand Rupees And Came Under 69 Thousand
New Delhi6 hours ago
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After last week, the brightness of gold has increased this week also. However, silver has become cheaper this week. According to the website of jewelery organization Indian Bullion and Jewelers Association, this week gold has become costlier by Rs 438 to Rs 47,863 per 10 grams from Rs 47,425 earlier this week. According to experts, gold and silver may become more expensive in the coming days.
fall in silver
Silver prices have declined this week. This silver has become cheaper by Rs 1,006 to Rs 68,789. Earlier this week it was at Rs 69,795. At the end of June, gold had crossed 70 thousand per kg.
Gold shines this week in the international market too
In the international market too, gold has seen a good rise this week. Gold has reached close to US $ 1,809 an ounce this week. On June 5, it was close to $ 1791. According to experts, gold may rise here in the coming days as well.
Price will increase in coming days
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that after July, the demand for gold in the bullion market will increase from August. With this, it can go up to 55 thousand again by the end of the year. That’s why investors need not panic about this fall.
increasing investment in gold
Investment in gold has started increasing. 359.66 crore has been invested in Gold ETF in the month of June. In the last month i.e. in May, an investment of Rs 287.86 was made in it. However, in April this figure was Rs 680 crore. Gold ETF is an open ended mutual fund, which is based on the volatility of gold prices. Gold ETFs can be bought and sold on BSE and NSE just like stocks. However, you do not get gold in this. When you want to exit from it, then you will get money equal to the price of gold at that time.
Opportunity to invest in Sovereign Gold Bond from 12th July
The sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 will start from July 12 and will run till July 16. The government has fixed a price of Rs 4,807 per gram for this. Sovereign gold bond is a government bond. It is issued by RBI.
How about investing in it?
Pankaj Mathpal, personal finance expert and founder and CEO of Optima Money Managers, says that if you want to invest in gold, then this can be the right time, as it can give good returns in the coming days amid the corona pandemic. According to him, if we talk about the last 10 years, on an average, gold has given 10 to 11% return every year. Investing in gold will be beneficial for a long time.