Nashik: Dussehra is a big festival, no loss of happiness. Similarly, gold prices are still cheap in Nashik’s bullion market on the eve of Ain Dussehra. On Wednesday, 24 carat gold was quoted at Rs 47,800 per 10 grams, while 22 carat gold was quoted at Rs 45,360 per 10 grams. Silver was quoted at Rs 61,800 per kg.
Gold and silver prices have not risen much in the Nashik bullion market since last month. On the contrary, gold is getting cheaper day by day. On September 1, the price of 24 carat gold in Nashik was 48,810, while the price of 22 carat gold was 45,590. In comparison, October saw a slight rise in gold prices. On Saturday, the price of 24 carat gold was Rs 47,000 per 10 grams, while the price of 22 carat gold was Rs 45,170 per 10 grams. The same rates were maintained on Sunday and today, Monday. On Tuesday, the price of 24 carat gold rose by Rs 47,800 per 10 grams and 22 carat gold by Rs 45,360 per 10 grams. On Wednesday, 24 carat gold was quoted at Rs 47,800 per 10 grams, while 22 carat gold was quoted at Rs 45,360 per 10 grams. Silver was quoted at Rs 61,800 per kg. Meanwhile, the eyes of bullion traders are now on Dussehra and Diwali. Dussehra is seen as one of the three and a half moments. Many people buy gold on this day. Consumers focus on buying gold rings, lockets, coins. Till August this year, there was no rain in Nashik. However, there was a strong turnout in September. Therefore, there are indications that Dussehra will have a strong turnover. Meanwhile, most analysts have predicted that gold prices will skyrocket in the next few years.
According to HDFC Securities experts, gold prices could double in the next three to five years. The price of 10 grams of gold will touch Rs 90,000 in the next five years, according to the Quadriga Ignio Fund. During the same period, the price of gold in the international market could be between 000 3000 and 000 5000 per ounce. Corona’s background is that financial packages are being offered in many countries. However, it could worsen the situation for central banks. As a result, gold prices could skyrocket in the near future, according to the Quadriga Ignio Fund. You no longer have to go to the store to buy gold. Because you can now buy gold from Google Pay, which you use every day to transfer money. There will also be a facility to store gold on Google Pay. So you don’t even have to take the risk of keeping gold in the house.
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