The festive season has started, Navratri is currently going on and Dhanteras and Diwali are coming soon. In such a situation, will the price of gold and silver be low or will the price of gold reach Rs 1.5 lakh to Rs 2 lakh per 10 grams? Actually, buying gold and silver in the festive season is considered auspicious according to the Indian tradition and people buy gold and silver fiercely. In such a situation, it is expected that the price of gold and silver can be seen further in the coming days. In such a situation, the question is arising in the mind of the common man, how far can the price of gold and silver go? To find the answer to this question, we have talked about Kedia Capital founder Ajay Kedia, let us know what he told.
What will be expensive on Dhanteras-Diwali?
In the festive season, there is fierce shopping of gold and silver, in such a situation, will the price of gold and silver be increased? On top of this, Ajay Kedia says that gold and silver have given more than 50 percent returns in the last one year and gold is an over value. Due to this, there can be a slight decline in the price of gold in the coming days. He told that this decline in gold will be seen in the coming 3 to 4 months. On the other hand, he said about silver that silver has also given returns like gold, but due to high demand, it is difficult to come down the price of silver in the coming days.
How much can the price of gold decrease?
On September 26, the price of 24 carat 10 grams of gold was Rs 1,16,700 in Delhi Bullion Market. According to Ajay Kedia, gold can rise more than this only when the situation in Jio Politics worsens or the US President again puts a new tariff on India. He said that when we saw the record of the last 6 to 8 months, gold rose only when the US imposed a tariff on India, there was an atmosphere of uncertainty due to the Indo-Pakistan tension and the Russia-Ukraine war. He said that in such a situation, the investor thought it better to leave the stock market and invest in safe haven i.e. gold, so in the last few months, gold prices have seen a rise. At the same time, he made it clear that there can be a slight decrease in the price of gold in the coming 3 to 4 months.
What is cheap silver?
On September 26, the price of 1 kg silver in Delhi Bullion Market is Rs 141,700 lakh. According to Ajay Kedia, the price of silver will not fall too much. According to him, of course people should invest less in silver, but there is no decrease in silver demand, because silver use in the electric segment is increasing rapidly and there is no speed in silver production.