Due to the fact that Diva is just around the corner, gold prices in India have become a smart jump and should increase even more, increasing the physical demand of people on the auspicious day of Dhantera (1st day of Diwali).
However, market trends confirm that traders do not have the gold to meet the increased demand during the Diva. Large ingot traders, who supplied hundreds of kilograms of gold a few months ago before the government imposed an import duty on gold imports, were reduced to 25-30 kg per day. The lack of demand given the festivities will surely raise the price of gold in India.
People have been investing in gold since ancient times. Gold appreciated rapidly. However, the value of pure gold is determined by various factors such as season, world market, inflation, availability of demand, etc. The rate of gold coins is usually higher as a result of high inflation. The price of 24-carat gold in India and other Asian countries is influenced by various factors. Let’s clarify the difference between the “price” and the “price” of a gold coin. Value is the amount of cash you pay after buying a coin, and price is the cash you get after selling.
The most important influential people:
Seasonality: The value of gold coins depends on the season. They are usually high during the winter months and spring season. At festivals such as Diva, Akshaya Tritiya, Ramzan, etc .; most jewelry offers gold at sales and discounts. This is the easiest time to buy gold as in India you can get a great discount on the price.
Bad economic climate: The downturn may increase the value of gold, but a stable scenario could further strengthen the value of gold. The price of gold is also strongly influenced by various market factors.
Demand and supply: Traditionally in the field of buying and saving gold India accounts for 27% of the world’s demand for gold. Countries like Brazil and China are making an foray into the gold market because demand for this yellow metal will increase, increasing its value proportionately.
Inflation: In India, the value of gold coins significantly affects inflation. It is believed that gold is an inflationary barrier. Once inflation is high, many try to lock their money in gold. This demand for gold will consistently increase its value. If inflation decreases, the price of gold can be reduced proportionally.
During a business trip or vacation you may decide to buy gold in the city where you are. This will give you the advantage – get the best price in India. Jewelers across India offer a variety of savings schemes that allow you to fix a purchase for a certain amount at a certain rate of gold in India. You can additionally browse e-shops to select offers in different types of designs and styles. Before buying be sure to get all the knowledge about the standard and purity of gold coins or jewelry.