Even today, many people in our country buy gold and silver for traditional purposes. Those who still buy gold in physical form are unsure when to buy gold and silver, seeing the volatility in gold and silver prices. Another question that's on everyone's mind is: will gold cross 2 lakhs?
First, let's find out if the price of gold will cross 2 lakhs per 10 grams.
Will the price cross 2 lakhs?
Commodity expert Ajay Kedia said that in the short term, the price of gold could reach ₹1,64,000 per 10 grams. Gold also has support at ₹1,45,000 per 10 grams. This means that if gold prices decline, its price could fall to ₹1,45,000 per 10 grams.
Should you buy gold or silver now?
Commodity expert Ajay Kedia says that if you're buying gold or silver for traditional purposes, you should buy it right away. But if you want to buy gold for investment purposes, then considering the current fluctuations in gold prices, you should invest through SIP now. Whether you are buying a Gold ETF or investing through mutual funds.
According to the table above, the price of gold is lowest in Patna. The price of 10 grams of gold here is Rs 1,54,300. The price of gold is highest in Bhopal and Indore. The price of 10 grams of gold here is Rs 1,54,520. If we talk about silver, it is cheapest in Raipur. The price of 1 kg of silver here is Rs 2,42,950. Silver is most expensive in Patna. The price of 1 kg of silver here is Rs 2,43,690.
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