Gold Nears ₹13 Lakh For 10 Grams Ahead of Dhanteras: Is It The Right Time To Buy?

Gold prices are testing ₹13 lakh per 10 grams just before Dhanteras, triggering debate among investors on whether to buy or hold. Influenced by global inflationary pressures and currency volatility, prices are also driven by traditional festival demands. Experts recommend cautious investment, noting potential price corrections but acknowledging gold's enduring appeal as a stable hedge in uncertain economic conditions.

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Gold Nears ₹13 Lakh For 10 Grams Ahead of Dhanteras: Is It The Right Time To Buy?
Finance • 70 days ago • 1151 views

Gold Nears ₹13 Lakh For 10 Grams Ahead of Dhanteras: Is It The Right Time To Buy?

IN SHORTGold prices are testing ₹13 lakh per 10 grams just before Dhanteras, triggering debate among investors on whether to buy or hold. Influenced by global inflationary pressures and currency volatility, prices are also driven by traditional festival demands. Experts recommend cautious investment, noting potential price corrections but acknowledging gold's enduring appeal as a stable hedge in uncertain economic conditions.

TL;DR

  • Gold prices approach ₹13 lakh per 10 grams before Dhanteras.
  • Global inflation and dollar fluctuations pressure domestic markets.
  • Increased demand from festivals and weddings traditionally spikes prices.
  • Analysts advise caution due to market volatility.
  • Many consider gold a safe long-term investment against inflation.
  • Jewelers report high consumer interest despite price rise.
  • Predictions remain mixed about further price movements.
  • Investors urged to watch geopolitical situations affecting commodities.

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