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Estimates of record increase in gold rate, know when is the right time to buy gold?

Gold Price in Coming Months: According to the data of Multi Commodity Exchange, the price of gold has reached 47,090 per 10 grams yesterday. There is a continuous decline in the price of gold as Indian money is getting stronger against the US dollar.

Although according to commodity experts, due to the increase in the value of rupee in the last few days, its prices have definitely come down, but in the festive season in India, its prices will touch the record level. Experts have expressed hope that the price of gold will reach Rs 56,191 per 10 grams by the end of the year.

There has been some decline in the rate of gold due to international events in the last few days, but in the month of October-November in India, after the start of the festival and wedding season, gold prices will see a tremendous rise. The price of gold is likely to reach from $ 1680 per ounce to $ 1960 per ounce. In India, this price will reach around 52,500 per 10 grams and will reach around Rs 56,191 per 10 grams by the end of the year.

This will be the effect of the third wave of Corona
According to experts, the economy growth of America and other European countries is expected to be slow due to the third wave of Corona. Along with this, the growing outbreak of Corona in America has created an atmosphere of uncertainty in the market. It has also affected other countries of the world including India.

Along with this, experts believe that this time is very good for taking gold because in the coming few months the price of gold will reach a record level. Therefore, if you are also thinking of taking gold, then make a plan as soon as possible and buy gold and silver.

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