Gold Rate Trends: In recent times, there has been tremendous fluctuations in gold prices. The biggest reason for this is believed to be the growing trade war between the US and China. Amidst this tension, gold prices in India are going up continuously and on Thursday it reached Rs 97,000 per 10 grams. Will Gold reach Rs 1,00,000 till Akshaya Tritiya? Currently, gold is just Rs 3000 away to reach the level of Rs 1,00,000.
Will gold continue in gold?
When there is instability in the stock market, investors usually turn to gold as it is considered a ‘safe investment’. This is the reason that recently many investors have withdrawn money from shares and invested in gold. Now the question arises that will this fast continue even further?
Experts are divided on this. Some believe that by 2025 gold prices can reach Rs 1 lakh per 10 grams, while some experts say that it may also fall.
Why can gold rise?
According to Ryan Mcintyre, senior portfolio manager of Sprott Asset Management, the stress between central banks around the world and tension between America-China has supported gold prices.
Colin Shah, MD of Kama Jewelry, has said that this year the US is expected to cut interest rates twice. In such a situation, gold can touch the level of Rs 1 lakh by 2025.
Kishore Narne, the commodity head of Motilal Oswal, also said that there is no limit for gold prices and it can go from $ 4,000 to $ 4,500 an ounce.
Why can prices fall?
On the other hand, Chintan Mehta, CEO of Abans Financial Services, said that the current boom of gold is not a new beginning, but it is part of the trend already running. He said that all positive factors have already come on the market and prices will not reach 1 lakh rupees if there is no new reason.
Morningstar market strategist John Mills warned that gold could fall to $ 1,820 an ounce, which would fall by about 38–40% from current prices. He cited the reason behind the increase in supply, decrease in demand and over -abusage in the market. Although there is a boom in the market at the moment, it is necessary to seek the advice of experts before investing. Gold can be beneficial for long periods, but may also have risk in a short time.
Gold Rate Today: Gold on record high on Friday 18 April! Learn today’s gold price