look news india
Compared to last year, gold prices have increased by 16 percent on this Akshaya Tritiya. Now by the next Akshaya Tritiya, the price of gold can go up to Rs 80,000 to Rs 85,000. If the price of gold comes to the level of Rs 69,000 to 69,500 then there is a good buying opportunity, experts believe. The price of 10 grams of gold has fallen by Rs 3,000, or four percent, from its all-time high. In such a situation, gold lovers have got a chance to buy gold on the auspicious occasion of Akshaya Tritiya.
On this occasion, experts expressed their opinion. In which it is said that, if gold is purchased at the current level, the return can be between seven percent, but if gold is purchased keeping in mind the upcoming Akshaya Tritiya, then the return can be up to 19 percent. According to Anuj Gupta, Head of Commodity and Currency, Ndhhalzr Securities, the recent recovery in gold prices is a good sign. The recent correction is a good opportunity for investors with a medium to long-term investment outlook on gold. Now by the next Akshaya Tritiya, the price of gold can go up to Rs 80,000 to Rs 85,000, if the price of gold comes to Rs 69,000 to Rs 69,500 then there is a good opportunity to buy. The last Akshaya Tritiya was on 22 April. At that time the price of one tola gold was Rs 59,845. If the average of the last five years is taken, then gold has given a return of 17.50% on an annual basis.