The price of gold will fall by Rs 27,000, this big company in the world claims, this reason told – Cross Talk India
Record in gold price After the fast, the period of decline has started. Sleeping has definitely become cheaper in the last few days but it is still very expensive. Due to this, many people are not able to buy gold jewelery even during the wedding season. However, now there is good news. This year, gold can break its record high from Rs 99 thousand per 10 grams to Rs 70,000. That is, gold can be cheaper by about 27 thousand rupees.
This has been claimed by Vitali Nesis, Chief Executive Officer (CEO) of Solidcore Resources PLC, the world’s largest company engaged in gold mining works. He said that the price of gold is expected to fall in the next 12 months. The CEO of Solidcore said that I hope the prices will fall to $ 2,500 within 12 months. The price of gold is currently $ 3,319 per ounce in the international market.
25% decline may fall this year
According to Nesis estimates, gold prices may fall by about 25%. That is, the gold rate in the Indian market can be broken to close to 70 thousand per 10 grams. Nesis believes that this record in the price of gold is due to an over reaction. There will be a big decline in gold as soon as the situation in the world is correct. However, it will not reach earlier levels.
Women’s concern increased
The unprecedented increase in the price of gold has not only surprised the market but has also made a profound impact on the pockets of the common people and has increased the concern of women in the wedding season. In the Akshaya Tritiya and wedding season, when gold shopping is the priority of every Indian house, at such a time the unexpected jump in this precious metal prices has shocked the middle class families. Rupa of Noida in Uttar Pradesh said, “The daughter is married in November and suddenly the price of gold has increased so much that nothing is understood. Now how will there be gold shopping for marriage?” The purchase of jewelry in festivals and family events has been included in women’s priority. Despite rising prices, many women believe that without gold jewelery, such opportunities seem incomplete.
22,650 rupees became expensive
Since December last year, gold has become about Rs 22,650 per 10 grams i.e. about 29 percent expensive. Experts say that gold performance has been better than both share and bond according to returns. Sadhana Kathuria, who lives in Palam, Delhi, says, “After the death of her husband, I worked and raised my two children.” The daughter was married last year. My son -in -law is in Canada, the daughter also got the work there. Now the son is married in November. 22 carat gold in Canada is around Rs 86000 per ten grams. I am thinking that the daughter should send money to the son -in -law and ask for something from Canada for her daughter -in -law. ”
People are returning after asking price
Sonu Soni of Urmila Jewelers in Mayur Vihar, Delhi, said, “We have been in this business for decades, but the first time the customers are getting more confused than happiness. Earlier people used to see the design of jewels, now they are returning only by asking the price.
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