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The price of gold has not been stable for two years. Last year at the same time it crossed 60 thousand, now it has crossed the 65 thousand mark. In 2018, the price of 10 grams of pasidi which was 30,000 has doubled after six years. It is estimated that it will reach 80 thousand within another year. In Delhi, the price of 10 grams of Melimi gold rose by Rs 800 in a single day on Tuesday. The price of ten grams of gold has increased by Rs 2,300 in the last week. By this we can understand the range of raw price aggression. Indian women are jewelry lovers by nature. Moreover, for any auspicious occasion, buying a lot of gold is a must. That is why the collision of purchases is not decreasing at all.
Why is Puttadi so dear? That is.. reduction of inflationary pressures in America.. expectations that the Federal Reserve will reduce interest rates.. continuing economic uncertainty.. Experts say many reasons. Apart from this, geographical and political developments also govern gold prices. As gold has become one of the safe investment avenues, investments are flocking to the green side. As the value of cryptocurrencies has increased significantly, they are also investing in Pasidi to hedge it. This is also another reason for the increase in the price of gold.
As it is the season of weddings, sales are going on without involving the price. Also, the jewelers are confident that investment in gold has become a sentiment and no one can stop it. At present there are no Sumuhurtas for some days from the month of April. Even if the sales are slow now, it is expected to pick up later. So.. there is no chance that the price of brass will fall.
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