Falling in 6 years? Is this the right time to buy?

Sowmiya Sriram
Falling in 6 years? Is this the right time to buy?
Time is like gold. In fact, it is a golden age. What is the reason for that? Why do experts say this? Did you know? Let's see. gold is generally seen as one of the most sought-after safe investments internationally. Experts consider it safe because it lends a hand to investors in an extraordinary situation. However, the current gold price has been a major disappointment for investors.
Gold prices fall by Rs 8,000 as gold prices fall to a six-year low in the current year. That too is seen declining by Rs 8,000 per 10 grams from the peak. So while this is a huge disappointment for investors, it is also seen as a huge opportunity in the long run. Many factors have come into the market to support gold, such as the delta type corona and omicron. Suspicion has also been raised. So in the midst of so many questions, the government plans to increase the existing restrictions to control the spread of Omicron. At this point, it is expected to increase again.
The price of gold has remained largely unchanged at 1760 - 1835 for the past few weeks. This is a slight decrease in the way booking profits are made by the end of 2021. However, the price of gold is likely to rise in the near future. Over the next three months, gold prices hovered between $ 1880 and $ 1900 an ounce. The repercussions may be felt in the indian market as well. Due to this, the price of gold in the indian market is expected to increase. Indian market is currently at the level of 48000 rupees. This is followed by Rs 49,300 - 49,500 as the main resistance level and the same Rs 47,800 - 47,900 as the main support. Experts predict that the rise in demand for gold may be the main reason for the rise in prices, even as the dollar appreciates in the current year.
The key investment is not just jewelry but also one of the most important aspects of investing in today's era. gold has also become an essential investment in portfolio investments in any crisis period. Meanwhile, interest in MCX gold has increased as international market conditions, demand and key factors change.

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