What is your prediction? Do you think gold rate will go down on dhanteras?
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Gold rates on Dhanteras usually do not go down. In fact, they often stay stable or rise because many people buy gold during the festival. Here is what I think:
- Dhanteras and Diwali are peak seasons for gold buying in India, which usually keeps prices steady or pushes them up.
- Another thing is the strength of the US dollar, interest rates and the global economy that influence prices. A strong dollar or high interest rates may put some pressure on gold.
I think drop in gold rates on Dhanteras is a very unlikely thing. If you are buying for investment or as an asset, Dhanteras is a good time.
If you are very price-sensitive, you can wait for a market correction and during the season when there is low demand.
Gold is already trading near its all-time high price due to negative global cues. So it is wise to keep an eye on both festival demand and broader economic trends before making a purchase.
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