Hey, do you think the good rate will decline further? Today, 26/7 it is ~69k, from 74k few weeks ago. Because of budget changes?
Yes, that is mostly because of the budget changes. In the budget, 2024, the custom duty has dropped from 15% to 6%. Hence according to experts, the gold price should drop by 4 to 5%. Moreover, in September, there is a very high possibility of rate cut in the US. Generally, if the rate cut happens, the gold price will rise, but this will be in September 2024. The global commodity market analysts predict that gold may decline a bit further, but it is very high possibility that it will rise in September and after that. But again, all this is lots of information stitched together and trying to come up prediction, which might go completely wrong. Hence, do your thorough due diligence.
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Hi folks,
Personally, I thought I should invest in the index fund. Because, I don't want to take the risk with this amount.
But I would still like to know 2 things -
We don’t know your risk profile, but your statement gave me a hint of conservative. For a conservative investor...
Bhai mujhe dedo
I couldn't understand how the Budget and duty reduction on Gold and Silver will impact Gold and Silver prices. Also saw Jeweller Stock price rise today - Eg. Kalyan Jewellers.
Can anyone explain what will be the impact? Will it rise or ...
