Gold Near ₹96K: Is Now Right to Buy?

Gold and silver prices moved higher on Indian commodity markets as global tensions eased and the US dollar weakened. Before you rush to buy or sell, here's what every Indian investor needs to know about gold right now.

Here's what happened: Gold prices on MCX rebounded as easing geopolitical tensions and a softer US dollar lifted bullion demand globally.. Silver also gained alongside gold, tracking international commodity markets where Fed rate cut expectations boosted precious metals.. Crude oil prices softened simultaneously — a key factor since cheaper oil reduces inflation pressure, indirectly supporting gold demand..

What you should do: Review your gold allocation: financial planners recommend keeping gold at 10–15% of your total portfolio — rebalance if prices have pushed you above that.. Compare buying options: Sovereign Gold Bonds (SGBs) offer 2.5% annual interest plus price appreciation — check RBI's next issuance window before buying physical gold or jewellery.. Avoid panic buying at peaks: use a systematic approach like gold SIPs through mutual fund platforms to average your purchase price over time..

SGBs are taxed more favourably than physical gold — if you hold SGBs till maturity (8 years), capital gains are completely tax-free, saving you up to 20% in taxes.