Planning to invest in Gold on Akshaya Tritiya? Price can go up to 65 thousand

Planning to invest in Gold on Akshaya Tritiya?  Price can go up to 65 thousand

Akshaya Tritiya 2023: If you are also planning to buy gold on Akshaya Tritiya, then this can be a good opportunity for you, because right now gold prices are expected to rise. Akshaya Tritiya will be celebrated all over India on Saturday. Gold and jewelery are bought on this occasion.

A jump in the prices of gold and silver is being seen even before the festival. Gold prices have given double digit returns to investors since last year. Gold has crossed the level of 60,000 during a week. At the same time, experts believe that on this occasion investors can buy gold on the decline. Experts estimate that gold can go up to 65 thousand per 10 grams during the long term.

what is the gold rate on mcx

On Friday, April 22, 2023, gold June futures closed at Rs 59,766 per 10 grams, down by Rs 737, or 1.22 per cent, on the Multi Commodity Exchange. Earlier in the day, bullion had touched a high of Rs 60,476 per 10 grams. Similarly, gold futures maturing on May 5, 2023, after touching the day’s high of Rs 60,373 per 10 grams, fell by Rs 653 or 1.08 per cent to close at Rs 59,736 per 10 grams.

Why there may be a rise in the price of gold

Experts believe that in the last one month gold has touched the spot of $2000 in India and the price of more than 61000. It is seeing further acceleration, as the US Federal Reserve has increased interest rates by 500 basis points after 14 years in the last 12 months, raising fears of an economic crisis and recession. Experts estimate that according to this gold can go up to 65 thousand.

Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised to invest money here.)

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