New Delhi, Sept. 24 -- Gold prices on 23 September hit Rs.1,13,253 (for 24 carat gold) and Rs.1,03,833 (for 22 carat gold). Barely three weeks ago, the prices were 7 percent lower. The prices for 24-carat had closed on 1 September at Rs.1.05 lakh, and at Rs.96,363 for 22-carat.

So, the key question hovering in the minds of investors is this: Is this the right time to buy precious metals? We spoke to a few experts, and this is what they had to say:

One expert we spoke to emphasised that this is not the right time to sell yellow metal since the prices are likely to rise further. "Gold prices have been rising for some time and will continue for some more time. One of the reasons for this is that central banks have been buying gold for some...