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Sell damaged gold chain and buy bike, is it good option?

Hi

I am planning t buy a bike,for that I am thinking about selling my gold chain which is damaged (I cannot wear it,have to sell and buy new ,making charges equal 12000)and buy bike, do u think its a good option?

Or should i keep my gold with me as gold prices increase?

I thought anyway that chain is 70000, so if if fixed deposit i will get interest which will be equal to rise in gold rate..

Is this a bad option?

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