Investors are confused by the ups and downs of gold prices. On May 12, gold fell to Rs 93,080 per 10 grams. On May 13, it again saw a rise, causing the price to reach Rs 94,344 per 10 grams. It again showed a decline on 14 May. In such a situation, investors do not understand that they should invest in gold or withdraw some money. Let’s know about this in detail.
Gold declines in the country and abroad
On 14 May, there was a decline in gold in the international market. Spot Gold The fall of 0.4 percent to $ 3,234 an ounce. Us gold futures The weakness of 0.3 per cent was running at $ 3,237 an ounce. Here, there was a decline in gold in India too. Mcx In early trade Gold Futures 0.34 per cent i.e. Rs 392 was running to Rs 93,255 per 10 grams.
The reason for the fall in gold prices
Experts say that the end of the trade war between the US and China has reduced the glow of gold. Capital.com’s financial market analyst Kaileist Roda said, “The positive change in the US trade policy is fading the shine in the short term. America’s talks are going on for the deal with many other countries. This may show further a decline in gold. So it is very important for the level support of $ 3,200.”
Pressure will be on gold prices in short term
Way2Walth has said in its report that gold futures may continue in MCX. The level of support for gold is Rs 92,200 per 10 grams, while the resistance level is Rs 97,000 per 10 grams. Experts say that even though the price of gold may appear in the short term. However, gold outlook is positive in long -term. Therefore, investors do not need to panic with the ups and downs of gold prices. Since, Gold has climbed a lot this year, which can bring some correction in it.
What should you do?
Financial Advisors say that if correction comes in gold, it is good for investors. Every decline opportunity can be used for shopping in gold. Experts say that investors should keep 10-15 percent investment in gold. This means that if you want to invest 100 rupees, then you should invest at least 10 to 15 rupees in gold. This investment should be long term.
Also read: Small Savings Scheme or Fixed Deposit, more benefit in investing in which?
In this way, you can invest in gold
In addition to gold jewelery, you can also invest in the gold scheme of gold ETF and mutual funds. This investment can be made sitting at home. You can also invest this from SIP. It will invest in a fixed amount gold every month. This will not affect your investment much of gold prices. If needed, you can also remove your investment in gold.