New Delhi. Gold has become cheaper by Rs 11,500 per ten grams in eight months. While the price of silver has seen a fall of up to Rs 13,000 per kg. In such a situation, experts say that those who have not taken advantage of investment in gold, can now take it. The prices are low and the investment opportunity is perfectly right. In the coming days, the reasons supporting both gold and silver are clearly visible. If you have not yet invested in gold, you may have to regret a lot. Let us also tell you why gold and silver can see a boom.
Increase in premium
Even though the prices of gold and silver are low due to international reasons, the demand for gold and silver is increasing during the wedding season. Due to which the premium of these precious metals has increased considerably in the domestic markets. Due to which the price rise can be clearly seen in the domestic market.
Inflation rate is expected to rise
Knowing the equity stability in the international market, Christopher Wood says that the world is seen standing at the biggest inflation rate since 1980. There are many reasons for this. First, the price of raw mismatch has increased by more than 90 percent. Copper is at the top level of 10 years. There is also a big boom in food inflation. All these things are supporting the price of gold and silver in the long term.
Also read: Gold and silver will be cheaper now, know how much may fall
Fear of corona again
Even though the Corona vaccination program is going on fast in the whole world including India, but the fear of Corona has not decreased yet. Lockdown has started in Maharashtra and some other states of the country. Corona is clearly visible in many countries of America and Europe. Because of which the investors can move towards safe haven.
Gold and silver can be seen fast
According to Kedia Commodity Director Ajay Kedia, the price of gold and silver in the international market is still under control, but in the coming days, gold and silver may see an increase. The reason for this is global inflation and the demand that has come down in the current price. At the same time, the effect of corona virus has not reduced yet. Due to the global virus, cases are getting faster.
The new high will hit gold and silver
Ajay Gupta, deputy vice president (commodity and research), Angel Broking, says that all the long-term factors that support the price of gold and silver are getting ready. The report of inflation has just come out. At the same time, the statistics of the global economy is not good. The corona virus is still in existence. In such a situation, both gold and silver are likely to rise.
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