Gold prices may rise, gold may touch $ 3,000 per oz from 1800
Gold Price Rise : If you are thinking of buying gold on the occasion of Dhanteras, then this can prove to be a great purchase for you in terms of investment. Because international experts are predicting a big jump in gold prices. In recent days, there has been a tremendous jump in the prices of many commodities ranging from crude oil to aluminum, coal. The next turn is being told of gold.
Big rise in gold prices predicted
According to experts, the price of gold can increase from $ 1800 per ounce to $ 3,000 per ounce. According to David Garofalo and Rob McEwen, former head of Goldcorp Inc., two of the biggest experts in Canadian mining, the demand for gold is bound to increase in such a situation as global inflation is being seen, due to which gold prices can jump. Due to which the price of gold can touch $ 3,000 per oz. If convert it into rupees, then gold in India which is currently trading around Rs 47,500 per 10 grams can cross Rs 80,000 per 10 grams.
Prices may increase due to the threat of inflation
Experts believe that due to the relief package and low interest policies of central banks around the world, money has increased in the market, due to which the inflation rate is increasing. This can act to accelerate the price of gold in the long term. Investors will take advantage of the fall in prices and increase their investment in gold in their portfolio. Whenever there is an increase in inflation, the demand for gold also increases. People increase their investment in gold to protect their capital.
Gold demand increased in India
If it is the season of festivals, then the season of weddings is also approaching, in such a situation there is a boom in the demand for gold in India too. There has been an increase of 252 percent in gold imports in April-September this year as compared to April-September last year. In the same period last year, where gold worth $ 6.8 billion was imported, which has increased to $ 24 billion this year. Gold worth $5.11 billion has been imported in September alone.
read this also
Sovereign Gold Bond: Government is selling cheap gold before Diwali, buy from October 25, check how much it will cost
Price Rise: Now everything is getting expensive, do not remove this inflation on Diwali, Diwali!
.
