New Delhi7 minutes ago
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Gold can go up to $ 4,500 an ounce (Rs 1.30 lakh per 10 grams) this year due to the increasing trade war between the US-China and the possibility of a recession between the foreign investment bank Goldman Sachs. However, this will happen only when the trade war and the risk of recession reaches the extreme level.
However, Goldman Sachs has increased the price of gold to $ 3,700 (around Rs 1.10 lakh per 10) by the end of 2025, which is the third increase of this year. Earlier in March, Goldman Sachs had increased the target of gold for 2025 to $ 3,300 an ounce.
Gold is getting support due to the possibility of recession in America According to the Investment Bank, the growing trade war between the US-China has increased the worry of recession about the US economy. Due to this, the demand for gold to prevent recession has increased. Apart from this, the demand for gold has been strong in both physical gold and exchange-traded funds (ETF).
Gold on your record high right now Gold is currently on its record high. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has reached ₹ 93,353. This year i.e. from January 1, till now, the price of 10 grams 24 carat gold is being sold from Rs 76,162 to Rs 17,191 i.e. 22.57% to Rs 93,353 per 10 grams.
3 reasons for gold boom
- The threat of trade war has increased due to the US tariff policy. This can reduce the speed of economy growth. The possibility of global recession has also increased. In such a situation, people are increasing their investment in gold. Gold is considered a safe investment at the time of recession.
- Gold prices have risen due to the weakening of the rupee against the dollar. This is because when the rupee is weak, it costs more money to import it. This year, the rupee has fallen by about 4%, which has increased the pressure on gold prices.
- The weather of weddings is approaching, so the demand for gold jewelery is increasing. Jewelers in cities like Mumbai, Delhi and Chennai reported that sales are rising despite high prices, as people see gold as a symbol of investment and prosperity.
Gold price in 4 metros and Bhopal
- Delhi : The price of 10 grams 22 carat gold is Rs 87,700 and 10 grams 24 carat gold is priced at Rs 95,660.
- Mumbai : The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Kolkata : The price of 10 grams 22 carat gold is Rs 87,550 and 24 carat 10 grams of gold is priced at Rs 95,510.
- Chennai : The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Bhopal : The price of 10 grams 22 carat gold is Rs 87,600 and 10 grams 24 carat gold is priced at Rs 95,560.
