Gold slipped after touching the all-time high on 13 March. The April Futures of Gold reached Rs 86,875 per 10 grams in Commodity Exchange MCX. This is the all-time high of gold. However, it could not stand at this level. The selling pressure fell into the red mark. The April futures fell by Rs 129, or 0.15 per cent, at Rs 86,557 around 1 pm. On the other hand, the spot gold in the foreign market was up 0.2 per cent to $ 2,938.24 an ounce. The US gold futures were $ 2,945.70 an ounce without change.
Gold will increase due to increasing tariff war
Commodity Analysts say that tariff war seems to be increasing in the world. On the other hand, inflation has decreased in the US. Due to both these reasons, the prices of gold have been supported. The decrease in inflation in the US has increased the expectation of the central bank Federal Reserve to reduce the interest rate. Gold due to reduced interest rate in America (Gold) The brightness of it may increase. 2025 has been good for gold. Gold prices have increased by Rs 2,600 per 10 grams in only March.
Gold can soon go up to $ 3000
Marex’s analyst Advard Mayor said, “I believe the $ 3,000 is the next target for Gold. It can be achieved in the next few months. CPI data are encouraging. But,, the infection data does not include the effect of increasing tariffs.” The effect of increasing tariffs worldwide will be seen in the coming days. This will increase inflation. Gold demand may increase as inflation increases. Commodity analyst of HDFC Securities, Anuj Gupta, has also hoped to continue gold. He has projected Gold to reach Rs 90,700 per 10 grams by Holi next year.
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What should you do?
Financial experts say that it is necessary to include gold in the portfolio in the kind of uncertainty in the world. The reason for this is that gold is considered the safest option of investment. Gold should hold up to 5–10 per cent in investor portfolio. If the gold stake in your portfolio is low, then you can invest in gold. Now investing in gold is quite easy. Gold ETF and Gold Mutual Funds can be invested in the scheme of home. However, it is necessary to have a demat account to invest in Gold ETF.