Record fall in gold rate, expert said – this is the best time to buy jewelery

If you are planning to buy gold jewelery or anything else made of gold, then this is the best time to buy. Actually, after a continuous decline for some time, the rate of gold is running at the low level of the last three months. However, there is a slight increase in the price of silver in today’s trading session.

MCX and bullion market both fall
On the Multi Commodity Exchange (MCX Gold Price), the price of gold fell on Wednesday to a level of Rs 50,105. On MCX itself, silver is also breaking down and running at the level of Rs 60,885 (MCX Silver Price) per kg. On the other hand, a fall in the rate of gold was also seen in the bullion market on Wednesday morning.

Lowest level in three months
On the website of India Bullion and Jewelers Association (IBJA), the rate of gold fell to Rs 50297 per 10 grams on Wednesday morning. This is the lowest level of three months of gold in MCX and bullion market. In such a situation, experts are also talking about the right time to buy gold. On the other hand, silver of 999 purity is running at the level of Rs 60961 per kg.

Goldsmiths can stock jewelery
Experts say that the last days the rate of pure gold was about 52 thousand per 10 grams. Now its coming to the level of 50 thousand rupees is not surprising. If the price of gold is between 50 to 52 thousand rupees, then buying gold will be the right decision. In the coming time, some goldsmiths may stock jewelery waiting for the price to rise, so this is the right time. The rise in the interest rate has resulted in a fall in the price of gold.

22 carat gold Rs 46072
According to IBJA, 23 carat gold is running at Rs 50096 per 10 grams, 22 carat gold is running at Rs 46072 per 10 grams on Wednesday. Similarly, the price of gold of 20 carat reached Rs 37723 and Rs 29424 per 10 grams of 14 carat. Let us tell you that 3 percent GST has to be paid apart from the rate of IBJA.