Gold Price Diwali: Investment in gold made investors rich. In India, it increased by about 9000 rupees in just 1 month, so in the last 1 year, its prices increased by 31 thousand rupees. Currently, the price of 10 grams of gold in the country is Rs 1,07,728. In such a situation, the question is arising in the minds of the people, what will be the price of gold on Diwali.
In the last 10 years, gold has reached 26,343 to Rs 1,07,728. Till Diwali, there can be a boom in gold. It can reach a new level. Goldman Sachs estimates that by 2026 in the international market, this yellow metal prices may rise up to about 50%. It can reach 5000 thousand dollars per ones.
Why the price of gold is increasing: Due to the ongoing wars in many countries of the world, there is an atmosphere of uncertainty globally. Trump Tariff has further increased the panic. Because of this, central banks of many countries of the world are increasing their gold reserve. Uncertainty in the stock market and low returns on bonds have also increased the trend of people in gold. The festive season has started in India, after which weddings will begin. Because of this, the demand for gold is also increasing here. People’s interest in gold has also increased due to the possibility of inflation in America.
What do experts say: Commodity market expert Yogesh Bagaura said that the gold market increased significantly during the business session on Friday. Now it seems that gold is really ready to fly. The reason for this is that we fell slightly down, then turned back and grow rapidly. Employment figures in the US are very frightening. The Federal Reserve can adopt a quite an aggressive stance on interest rate cuts. This can increase the price of gold further where the US dollar can weaken.
He said that as traders run towards safety measures, they can increase investment in gold in an attempt to protect their property. Technical analysis for gold is exceptionally strong, short -term decline in the coming times can create shopping opportunities.
Disclaimer: This article is only aimed at information. This is not an investment advice. Be sure to consult your financial advisor before any investment.
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