Is gold worth investing in 2021?
Indeed, 38 analysts surveyed by the London Bullion Market Association forecast gold prices to average $1,974 an ounce in 2021. Thats about 13% higher than current prices, and would represent a return to levels not seen since August 2020. In fact, gold actually has a spotty long-term record as an investment.
Is the time right to invest in gold?
Starting from basics, gold as an investment class offers a great hedge against inflation. “The gold industry is usually volatile in nature, considering various factors including inflation, global trade of the metal, and so on. With the current dip in prices of gold, it is an appropriate time to invest in it.
Why did gold prices fall today?
Gold and silver prices fell today in futures market in India amid weak global cues. Silver futures were weak too and were down 0.5% to ₹67,563 per kg. In global markets, gold has continued to waver in a narrow range above $1800 ounce as market players react to volatility in larger financial markets.
Which day is good for buying gold?
The auspicious muhurat to purchase gold is from 05:38 am on May 14 till 05:30 pm on May 15. Akshay Tritiya, also known as Akha Teej, is considered one of the most auspicious Hindu festivals.