This is often the most difficult question to answer. In fact, few would attempt to answer a question like that. But, let us give you some clues on what would be the best rate to buy gold at in India.
In fact, if they do, their returns at best would be very minimal. So, what this means is that for a little returns the rewards are not too high, as the risk to fall is even higher. In short, the risk to reward ratio is no longer favourable for buying gold. So, what you could do is buy into the precious metal, only when it is low. But, how low is often the question.
Let us say that you want to sell at rates of Rs 30,000. In that case, you should buy the precious metal, at around the Rs 27,000 levels, which would then give you decent returns of near 10 per cent. Do not forget that gold has a lot of costs associated with buying and selling, which means your returns need to be even better. This is the only problem with gold rates in India for generating returns for investors.
At best you get nominal returns. Another thing worth noting is that you end-up also paying taxes, which means your returns dip even further. In any case, buy on dips and sell at higher levels is the only strategy that you can adopt. It is advised that you always track live gold prices in India, before you venture into buying anything.
Always wait for the opportune time, wherein you can make some money from buying and selling. Buying in distress is always associated with risks. So, in short there is no high or low gold rates or best rates at which you can buy gold in India. You need to define the same for yourself. Recently, the US Fed raised interest rates and long as that trend continues, we might see gold prices in India coming under wee bit of pressure. Just stay away from gold at the moment and for good reason. In short, there is nothing called a worst or the best rate in India.