The current 24K Gold rates in Pakistan on 14 Jul 2021 are as per the following: 10 Gram gold is for Rs 93620 and 1 Tola is for Rs 109196….Gold Rates 22K.

Gold Price in Pakistan

All Karats Per Todays Prices USD (gram)

Likewise, 23K gold is referred to as BIS 958 which means 95.8 grams of pure gold in 100 gram alloy. 916 Gold is nothing but the 22K gold, i.e., 91.6 grams of pure 24 karat gold per 100 grams of alloy.

Should you start buying now? Gold price in the last one week has crashed over ₹2000 per 10 gm at the Multi Commodity Exchange (MCX). The bullion experts went on to add that gold price will soon rebound and go up to ₹48,500 per 10 gm in one month after the trend reversal. …

Despite the stellar run in calendar year 2020 (CY20), gold remains an attractive investment for 2021 with prices likely to inch up further in the new year, say analysts. Investors, they believe, will be better off staying put in the yellow metal for now.

The current situation of rising covid cases threatens to derail the economic recovery in Q1, create uncertainties. However, a pick-up in global economic activity will lead to subdued gold prices, but the risk of the second wave, uncertainty remains which may guide gold prices in the longer term, he added.

Gold is typically held in investor portfolios as a hedge against inflation. ANZ’s gold price prediction puts the precious metal at an average of $1,850 per ounce at the end of June, rising to $2,000 per ounce by the end of September, but then falling back to $1,900 by the end of 2021 and $1,800 by mid-2022.

MONEX Live Gold Spot Prices

“It is a good time for investors to hold gold for medium to long term,” he added. This could help investors gain as gold price is expected to appreciate over the next few months. However, most analysts have advised investors to go for Gold ETFs as they are price-efficient and offer safety.

Summary: What Is The Future Of The Gold

Some industry experts are predicting that gold could be worth anywhere from $3,000–$5,000 per ounce in the next 5–10 years! For those who think gold prices will increase, they cite that people are now recognizing the value of gold, which will increase the demand, therefore increasing the value.

MCX Gold on Monday, Jun 14, 2021 Gold prices in India fell today with futures on MCX by 0.75% to ₹48350 per 10 gram. In the previous session, gold was down 0.53% or about ₹362.6 per 10 gram. On MCX, silver futures plunged nearly 0.59% or ₹423.8 per kg to the price level of ₹71835 per kg.

Auspicious Time To Buy Gold In 2021

• Pushyami 2021.
• Makar Sankranti-15th January 2021.
• Ugadi or Gudi Padwa-25th March 2021.
• Akshaya Tritiya-26 April 2021.
• Navratri-17 October 2021 to 25 October 2021.
• Dussehra-25 October 2021.
• Diwali/Dhanteras 13 and 14 November 2021.
• Balipratipada-15 November 2021.

According to commodity experts, gold could rise further from current levels. They see the possibility that in next two to three months, gold price at Multi Commodity Exchange (MCX) may hit ₹49,000 per 10 gm while in the international markets, the precious metal may go up to $1,800 to 1,820 per ounce levels.

The World Bank forecasts prices to average 4% lower in 2021 and decline further in 2022.

There is no right or wrong time to invest in gold. In India, the desire to hold the gold in physical possession is purely on the basis of need (specifically for religious functions, marriage, birthdays). Hence, it would be incorrect to time the gold markets as well as prices.

Gold is often a better hedge against a financial crisis, rather than a hedge against inflation. In times of crisis, gold prices tend to rise. But that is not necessarily the case during periods of high inflation. If there’s a financial crisis or recession on the horizon, it may be wise to buy gold.