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‘Gold will always shine’: Surge in demand for yellow metal expected for festive season, say experts
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MCX gold prices slipped on Wednesday. On the Multi Commodity Exchange, gold October futures were trading at ₹58551 per 10 grams, down by 0.13%.
Yashoraj Tyagi, COO, and CTO at CASHe said that festivities often mean individuals have more disposable income that they prefer to invest in assets like gold, aiming to safeguard their financial stability. September 2023 features significant festivals such as Krishna Janmashtami, Hartalika Teej, Ganesh Chaturthi, and Anant Chaturdashi among others.
Also, the end of the Navratri festival marks the beginning of the wedding season. Gold jewelry demand is at its peak during the Indian wedding season.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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