Hello friends, how are you all, wishing you all happy and prosperous life ahead.

Today i would like to talk about increasing price of gold. Gold is a metal which you will find in every Indian's house. And as soon as the wedding season comes in India, the prices of gold increase because the demand for gold increases a lot. Gold prices increased once again in the month of December.

What happens in India, when the price of gold increases, what do the house women do? They sell off old Jewellery items to exchange it with new jewellery, but they do not know the truth behind, she the ones who remain in loss. As she thinks that will missed the festive season discount but the fact is it’s a bad idea to exchange when gold prices are high as no jeweller will give any offers when there is ongoing wedding seasons.

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Experts believe that there will be another spike in gold prices in 2024, once the US Fed changes its stance on interest rates which will shift focus to gold.

In india, Gold is considered as one of investment which will become safeguard for their future but in jewellery. People thinks that gold is the safest investment because the price has always increase.For Gold is an auspicious metal. India is the largest consumer of Gold in the world, followed by China and the US. The real investment of gold is buying 24 karat pure gold which will show whether you are in loss or profit. Investment in gold doesn't mean to buy Jewellery / ornaments. If you really want to see the huge profit then buy 24 karat pure physical gold or buy gold bond.

No woman will sold her gold unless she has some urgent compulsion. Selling your jewellery it means there will deduction in purity and making charge whereas there will be no deduction in 24 karat gold, you will get the current price.

Earlier I didn't even know how to buy gold, Like I have seen my mother adding some money to buy gold, for me buying gold was just a jewelery ornament, more than that I never thought of it as an investment. Because of Google, today I have come to know so much about investment that gold is a good investment as it bit the inflation, no economic crises, wealth creation, low risk, high profit investment and we should not sold it unless there is some financial crunch or family needs.

As per the expert there will another spike in gold rate in 2024, it will again get all time high, so now is not the right time to sell gold, instead exchange your gold to buy new jewelery. As 2024 looks fantastic, unless there is no urgency, hold it for few more months as another year will blasting for gold. 'm not any financial advisor, above is my personal advice, do whatever you feel to do.

Thankyou for stopping by...

gargi 🇮🇳🙏🏻

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