Advice on gold purchase

THANKS FRIENDS.

BUT I WANT TO KNOW THAT

IS GOLD RATE WILL BE MORE DECRESED IN THE CURRENT MARKET POSITION OR IT WILL BE STABLE OR IT WILL BE GO BACK TO 30's.

SHARE YOUR OPINION.

You should defer your purchase of Gold for next 6-8 months and wait for its prices to stablize somewhere below Rs 23000/-. However, in between, if any panic selling comes once again and the prices come down to Rs 21000/- around, then you can buy. The above conclusion is based on Technical Analysis.  Regards, DS Kapoor, Cost Accountant

Don't purchase Gold for the next 1-2 years.. bearsih cycle has just started...
As a technical analyst I'll also stick to dat... Downfall has no limits.. may be 22k or below 20k... But its a downtrend as of now..

HAVE A READ...

Fundamentals have got its own importance. But the price of any commodity / any other thing is normally a function of demand & supply. In between, greed and fear also play its respective roles. By applying tools of technical anlysis, we try to extrapolate the current data and try to know the expected future behaviour. Since the long term trend of bullion is intact as of now, Gold is to be once again a very good buy at lower levels for giving wonderful returs for atleast another 6-8 years. After that I can not extrapolate now. But at the moment, one has to wait for 6-8 months and to review at that time once again.

Yes Suraj you can buy  .....This is the right time to buy dnt expct gold to fall below 25000.......

Find a link

https://sensibull.com/blog/sensibull-speaks/gold-will-it-fall-below-10000-rupees

https://sensibull.com/blog/sensibull-speaks/till-where-will-gold-price-fall

Current phase is the begining of bearish trend.. you should wait before you buy it. Let it stabilise first. It might fall more. I dont see gold rising back to itz strengh in 10-12 months

You can catch the low prices at this level and purchase in little quantity, if you are invetor. Major correction is pending/ due in the Gold/ Silver which likely to come in the coming month.

Best you can accumulate from this level ...up to 23.5k/ 22k, ....but it would not give better return like as earlier.

You have seen only trailor in last week....Now real picture has not started. Once it will start then people will be surprised.

Thanks to all Participants.

As All of your's view, It is quite sure that current rate will prevail at this level for some time. 

Am I right ??

Perfect market does not exist. So nobody can be sure. But expect it to be bearish fr some time. So wait before you buy