6 September 2022
With gold prices plunging to Rs 50, 580 per 10 gms on Saturday from Rs 54000 in the last one week, it has opened a good investment opportunity for people waiting for the price drop for long, the experts said on Saturday.
According to Rishi Verma, Director at Fateh Chand Bansi Lal Jewellers, Ambala, said “The prices of gold and silver fluctuate daily due to domestic and international factors. The prices of these precious metals have been witnessing a steady decline for some time now. In the last one week While the price of gold has seen a fall of about ₹ 1500 per 10 grams, the price of silver has fallen by about ₹ 3000 per kg. This decrease is a great opportunity for investors, it is a very appropriate time to invest in gold and silver.”
Since ancient times in India, buying gold has not only been considered auspicious but has also been significant from the investment point of view. Even for gifting purposes, buying gold and silver has been a gift which is preserved for ages.
However, the experts also suggested some measures while buying gold in order to avert fraud and monetary losses. “Customers should always buy gold with a long-term investment perspective. Buying quality jewellery with a hallmarked guarantee with certification can save people from big losses”, added Mr Rishi Verma, Director, FCBL.
Established in 1904 at Ambala Cantt, Fateh Chand Bansli Lal Jewellers have a prodigious customer base who have trusted the brand for several generations in the families. Apart from guaranteeing the jewellery with 100% hall mark certification, FCBL also offers a 30-days money back policy along with the GST for maximum customer satisfaction. The customers can even get their gold and diamond jewellery tested for free at FCBL. The brand also offers upto 2% annual appreciation on diamonds with 100% buy back on polki diamonds.