Gold price again on the sky, is it right to buy now?:

Nowadays the gold market is really shocked! Gold prices have once again reached a new record level. On Thursday, the price of 10 grams of gold in Delhi’s bullion market increased to Rs 1,13,100. This is the highest level ever, which has surprised everyone.

Think, the gold that was around Rs 79,000 earlier this year has now crossed Rs 1,13,000. That is, gold has given more than 43% profit to its investors in just a few months.

After all, why is gold getting so expensive?

Market experts believe that there are many big reasons behind this. Large central banks from all over the world are buying gold fiercely. In addition, people are investing their money in gold due to the concern of inflation and the expectation of low interest rates in the US, as it has always been considered to be the safest investment. Whenever there is a slight upheaval in the world, people rely on gold.

However, some experts are also warning that putting new money in gold at such a height can be a bit risky, as the market can fluctuate anytime. Interestingly, while gold prices are rising in India, it has seen some softening in the international market. There has also been a slight decline in the price of silver.

Overall, gold has filled the investors’ bag this year, but now it will be interesting to see what will happen next.