Dhanteras will be celebrated across the country two days before Diwali. This year Dhanteras will be celebrated on 18th October. Purchasing metals like gold, silver or steel on this day is considered auspicious. The demand for gold and silver is highest a few days before Diwali and Dhanteras.
Due to increasing demand their prices also reach their peak. A rise in gold and silver was seen this morning. That’s why people are eagerly waiting for the next day of Dhanteras. Gold and silver prices are expected to fall after the festive season. But how much can this decline be? Should we invest in gold now? We asked commodity expert Ajay Kedia many questions related to gold and silver. First of all, let us know how much gold prices can fall after Dhanteras.
How much will be the decline?
Commodity expert Ajay Kedia said that after Dhanteras, gold prices are expected to fall by 10 to 12 percent. However, nothing definite can be said about this yet. If we look at the technical charts, it is clear that the purchase of gold has been more than expected, which is a sign of decline. However, people are buying it in search of higher returns. The same is happening with silver. In 1980 and 2011, the price of silver in the international market reached $50. At that time it had also declined. Ajay Kedia said that there will be a 10% fall in gold in April-May 2025.
Do not invest in gold
Commodity expert Ajay Kedia advises investors not to invest in gold and silver right now, as their prices are currently at their all-time high. He recommends investing in copper, zinc and steel.