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Banking & Finance
Banking & Finance
on
ZippyRaccoon
ZippyRaccoon
6mo
by
Oracle

Investment in Gold

Planning to invest 6 lakhs in gold at this moment.

Today's price for 10 grams : 1,14,000/- INR

What do you suggest guys ?

6mo ago
DizzyUnicorn
DizzyUnicorn
Accenture
6mo

I would prefer to Invest some in gold and some in silver.

JumpyPretzel
JumpyPretzel
Stealth
6mo

How does Silver vary from Gold? Isn’t Gold valued sightly more than silver?

DizzyUnicorn
DizzyUnicorn
Accenture
6mo

In the near future, the price of Silver is expected to increase at a higher rate than Gold.

JumpyPretzel
JumpyPretzel
Stealth
6mo

Yes, go for it. But I am assuming you already have enough in equity. Also, what Gold are you buying? Digital, or hard gold? If physical gold, where will you be keeping it?

ZippyRaccoon
ZippyRaccoon
Oracle
6mo

Yes I have enough amount in equity and mutual funds.

Planning to buy a biscuit gold.

SleepyBurrito
SleepyBurrito
Groww
6mo

If you sell gold for cash, many stores charge 1-2%

ZippyRaccoon
ZippyRaccoon
Oracle
6mo

Not gonna sell that. Will gift it to my sister. I am sure she will not sell that too.

DerpyDumpling
DerpyDumpling
Coforge
6mo

Yeah investing in gold is smart choice. As price of gold is increasing rapidly.

When we compare gold price 2023 to 2025 it's almost doubled

ZippyRaccoon
ZippyRaccoon
Oracle
6mo

Yeah I feel the same. But hearing some news that it might decrease 10-15% so thinking whether to wait or buy at this moment.

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