Gold investment considered safe or not; Here’s expert opinion

Gold prices rising rapidly day by day. Know how you can earn better returns by investing safely in gold with the right strategy.

New Delhi: Gold and silver prices have been fluctuating for the last few days. Especially the global economic conditions and the domestic market conditions are directly affecting the prices of these precious metals. In such a situation, the question arises for investors whether it is safe to invest in gold at this time and how better returns can be obtained.

Gold, Silver Prices Today

The price of 24 carat gold today in India has reached ₹ 97,046 per 10 grams. Also, 23 carat gold is trading at ₹ 96,657, 22 carat ₹ 88,894, 18 carat ₹ 72,785 and 14 carat ₹ 56,772 per 10 grams. The price of silver has also been recorded at ₹ 1,07,934 per kg.

Gold Prices Rising

Experts says that due to global economic uncertainty, US President Donald Trump's trade policies and trade tensions related to them, investors are turning to safe assets. This is why the demand for gold is increasing. The price of spot gold in the international market has also increased to $3,324.40 per ounce. The announcement of imposing high duty on Brazilian products by the US government has also increased volatility in the global market.

Market Experts Opinion

According to Saumil Gandhi, Senior Analyst, HDFC Securities, gold is currently considered a safe haven for investment. Global economic uncertainties, changes in US trade policies, and the Federal Reserve's caution regarding interest rates have increased the demand for gold. It is acting as a hedge for investors.

Chintan Mehta, CEO of Abans Financial Services, explains that due to instability in the economic market, gold prices may continue to fluctuate, but gold can provide better security and stability in the long term.

Investing In Gold Is Safe Or Not

Gold is traditionally considered the safest option for investment. There are many reasons for this-

Price stability: Gold maintains its value in times of inflation and economic crisis.

Global demand: There is a constant demand for gold in jewelry, tech industry and central banks.

Inflation protection: When the value of currencies falls, the price of gold rises.

Diversification: Gold helps reduce risk in the investment portfolio.

How To Get Better Returns From Investment

• Investing in gold gives better returns in the long term. It is important to be patient instead of making immediate profits.
• Take advantage of market fluctuations and buy and sell at the right time.
• Digital gold and ETFs are safer, transparent and low-cost options than traditional jewellery.
• However make sure you buy only from certified jewellers or digital platforms.

Advice For Investors

It is important to keep an eye on the market movement while investing in gold. Decisions should be taken carefully both when the market is bullish or down.

Also, invest only after taking advice from experts and market information so that unnecessary risks can be avoided. In the current global and domestic economic environment, gold is considered a safe bet for investors.

Although fluctuations in the market will continue, gold can give good returns if invested with the right strategy. Therefore, before investing, take complete information about the latest prices and market conditions.