gold price Has been growing over time. This is the truth and no one can turn its face. But in the last few months, the boom of gold has surprised everyone. The price of gold has increased wildly with every new day. Let us tell you that in August 2024, the price of 10 grams of gold was Rs 74,222. At the same time, on April 12, 2025, the price of gold rose to Rs 96,450. During the trade, it also touched a level of 97 thousand. That is, gold has become more than 22 rupees in about 7 months. The increase in the price of gold has caused the brunt of the common people. In the wedding season, people are not able to buy gold jewelery according to their needs. Well, is the gold bubble burst? This is because after seeing the history of gold in 2013, after a similar record boom, the price was completely exposed. Let’s know what happened in 2013 and why experts are warning?
History of gold crash in 2013
If we look at the hysterical price of gold, then there was a major decline in the price of gold after a record boom. The price of gold in the world market reached $ 1930 an ounce in 2013. After that there was a rapid decline and it broke to $ 1100 an ounce. In this way, gold declined by about 47%. This decline in gold was due to the US declaration of QE (Quantitative Easing) reducing, heavy -scale withdrawal from Gold ETF and strengthening of dollars.
Experts are giving big warnings about gold!
All Yogesh Singhal, chairman of Bullean and Jewelers Association, India TV Told that the kind of boom in gold is a sign of danger. History repeats itself. He said that at present, the situation in the global world is not good. Donald Trump’s tariff war has an atmosphere of instability in the world. This has increased the demand for gold as safe haven. The dollar has also weakened from the trade war. It is also supporting the boom of gold. Due to poor global situation, central banks from all over the world are buying gold. Due to this, there is tremendous boom in gold. However, this will not always remain. I believe that there will be a big decline in gold as soon as the situation improves.
Trump is already promoting investment in cryptocurrency and talking about reducing gold reserves. If they do this, then the supply of gold will increase which will bring the price down. If the situation arises like 2013, gold can break from $ 3230 an ounce to $ 1820 an ounce. In this situation, the price of gold in the domestic market will be reduced from 97 thousand per 10 grams to 55 to 60 thousand rupees per 10 grams. The price of gold will fall, there is another reason for this. Silver was always double with gold. That is, if the price of 10 grams of gold is 50 thousand rupees, then the price of 1 kg silver will be 1 lakh rupees. However, this ratio has been broken by gold. Gold is about 97 thousand. There is also silver around this. They are pointing to a big fall.
Despite record high Equivalent with Gold ETF
On one hand, the price of gold has reached the record high. On the other hand, the withdrawal from the son has intensified. According to AMFI data, investors withdrew Rs 77 crore from Gold ETF in March. This withdrawal is a sign of change in investors’ priorities despite the increasing value of gold. Experts believe that investors should carefully invest in gold.
Latest business news