Gold Price: Gold prices are growing rapidly once again. Gold has once again reached its highest level. On the day of Deepawali in the year 2024, the price of 24 carat gold was Rs 78000 per 10 grams, which has now crossed Rs 82,000. Experts say that gold prices may increase further in the coming months.
The reason for the rising price of gold?
Varanasi Sarafa Association General Secretary Ravi Saraf said that gold has become the safest option for investment. In the last few years, gold has been getting an annual return of about 10-12%. This is the reason that investors are getting attracted towards gold, which has increased its demand in the market. Apart from this, central banks from other countries including China are also buying a huge amount of gold. Due to this, gold prices are increasing continuously in the international market. Another reason for the expensive gold in India is a weakness of the rupee against the dollar, which is affecting the prices of gold.
Gold became expensive by Rs 4,250 in 24 days
According to the data, on 1 January 2025, the price of 24 carat gold was Rs 78,000 per 10 grams. This price rose to Rs 82,250 per 10 grams by 24 January 2025. That is, the price of gold has increased by Rs 4,250 per 10 grams in just 24 days.
Will there be further boom in gold after the budget?
Many market experts believe that the government can increase import duty in the budget. The government had reduced import duty on gold from 15 per cent to 6 per cent in the last budget year 2024. After that the price of gold came directly from Rs 82,000 to around Rs 76000. The import of gold increased due to decrease in import duty, which affected the fiscal deficit. This is the reason that most experts believe that import duty can be increased on gold. If this happens, there will be further speed in the price of gold.
Can gold price be Rs 90,000 by December 2025?
By June 2025, the price of gold can reach Rs 85,000 per 10 grams. At the same time, it is estimated to go up to Rs 90,000 per 10 grams by December 2025. This estimate has been set up on the basis of current market trends of previous years. Ravi Saraf said that gold has always been a safe option for investment. If an investor wants to get safe and good returns for a long time, this time may be right for investment in gold.
Keep an eye on the market
Those who are planning to invest in gold should monitor market activities. Experts say that the demand for gold is likely to increase in the coming time, which may further increase its prices.
Gold Price Today: Gold and expensive, this high rate in 10 big cities