If you want to buy gold, wait the price may decrease.

If you want to buy gold, wait the price may decrease.

New Delhi : Gold has begun to fall. Right now its price is around Rs 39,000 per 10 grams. According to experts, gold can go up to Rs 38,000 or even below. PP Jewelers Vice Chairman Pawan Gupta said, "International investors have lost interest in gold. There are also signs of reconciliation on trade between US and China. This has ended the boom in gold. '

Here, demand for gold has decreased in many countries including India. This is also putting pressure on its prices. Gupta said that the next stop for gold is Rs 38,000. If this happens then people can get a chance to buy it at a lower price. At the same time, the risk of investors buying gold at the current level is increasing.

Emphasis on recycling

According to Vijay Singh, head of market survey agency Vinayak Inc., the demand for gold did not increase even in the current marriage season. This means that people are buying gold according to their needs. Also, they are making new jewelery by giving old gold. Therefore, adequate supply of gold remains in the market and its imports are declining. At the same time, gold fell to $ 1,473 an ounce in New York last Friday.

37500 may also be priced

The wedding season will last from January to February. Director of Sudama Diamond, Sanjay Gupta told that in such a situation people can buy gold when they come down. He suggested buying at 38,000 or below. Sanjay Gupta said that it would not be surprising if the price comes down to Rs 37,500. Gold could soon reach 38,000 in the futures market. This will also affect its prices in the spot market.