Gold came from the seventh sky on 4 February, know the new price of 24 carats. Gold Price Today – StudyToper

Gold has always been an important metal in India. It is not only used for jewelery, but it is also seen as an investment. Recently, there was a major change in gold prices on 4 February. Gold prices that were trying before the sky have now come to the ground. This change can prove to be a golden opportunity for those who want to invest in gold or are planning to buy jewelery.

In this article, we will know what changes in gold prices on February 4, what are the new prices of 24 carats and 22 carat gold, and what could be the reason for this decline. At the same time we will also understand whether this time is right to buy gold or not.

Big change in gold prices on 4 February

On 4 February, there was a huge decline in gold prices in the Indian bullion market. This decline was shocking for many investors and customers. While earlier gold prices were increasing continuously, now it is being seen to be seen.

New gold prices (24 carats and 22 carats)

The table below gives details of new prices of 24 carat and 22 carat gold on 4 February:

Due to fall in gold prices

Gold prices depend on many factors. Let’s know why this time declined:

• International Market: Dollar has strengthened globally, decreasing the demand for gold.
• Increase in interest rates: Investors distance from gold due to increase in interest rates by the US Federal Reserve.
• Reduction in local demand: Due to the end of marriage season in India, the demand for jewelery has reduced.
• Impact of commodity market: The fluctuations in other metals and oil prices have also affected gold.

Is this the right time to buy gold?

If you are thinking to invest or buy jewelery, then this time can be right for you. Whenever gold prices are low, it is beneficial to buy it because its price may increase in future. However, you should take care of the following things:

• Shop according to your budget.
• Buy gold only for long -term investment.
• Compare prices on local market and online platforms.
• Buy BIS hallmark jewelery only to ensure quality.

Fautable things when buying gold

When you buy gold, some important things should be kept in mind so that you get the right price and quality:

• Hallmark certified gold: Always buy products with BIS hallmark.
• Making Charges: Making charges on making jewelery can be separated at separate shops, so compare.
• Weight and purity: Do not shop without checking weight and purity.
• Get the bill: Be sure to take the bill every time so that there is no problem in future.

Benefits of investment in gold

Gold is not just jewelery but also a safe investment. The following are some of its advantages:

• Protection from inflation: When inflation increases, the value of gold also increases.
• Liquidity: It can be easily converted into cash.
• Long -term benefits: Its price increases over time.
• Portfolio diversification: It balances your investment portfolio.

Gold Price Prediction

Experts believe that gold prices may increase again in the coming months because:

1. Global uncertainty remains that people can choose a safe investment option.
2. As soon as the wedding season returns, the demand will increase, which will lead to the price.
3. Indian rupee weakness can make imports expensive, which can increase prices in the domestic market.

conclusion

The fall in gold prices on 4 February has given customers and investors a golden opportunity. This time can be suitable for you if you want to invest for a long time or buy jewelery. However, understand the market fluctuations, take a decision so that you can get maximum benefits.

Disclaimer:

This article is written only for the purpose of providing information and the information given in it can be based on real market conditions. Please seek expert advice or study the market before taking any type of financial decision, as the information given here can change over time.