There is a possibility of a big rise in gold prices, due to rising inflation, the price will increase
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. And if you have gold lying with you then be happy. Because a big jump in prices is being predicted. When the prices of many commodities including crude oil, aluminum, copper, coal are on fire. So it is believed that the next turn is gold. Let us tell you that in the coming days, the price of gold can cross Rs 80,000 per 10 grams. That is, more than 40 percent of gold can be expensive from the current level. International experts are predicting a big jump in gold prices.
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 the way global inflation is seen, due to which there can be a big jump in gold prices. . Due to which the price of gold can touch $ 3,000 per oz.
Gold may cross Rs 80,000 per 10 grams
If convert it into rupees, then gold in India which is currently trading around Rs 49,600 per 10 grams can cross Rs 80,000 per 10 grams. Let us tell you through calculation. One ounce (1 Ounce) is equal to 28.3495 grams. On Monday, 24 carat gold is trading at Rs 49610 in the bullion market. That is, the current price of one ounce of gold in India is Rs 1,40,613. And according to the predictions being made according to international experts, if there is a jump in the prices of gold, then the price of one ounce of gold in India will cross Rs 2,25,00. And convert it into grams, then the price of 10 grams of gold can cross Rs 80,000.
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 this 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.
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