Have gold prices come below the record level of ₹ 1 lakh recently? Even if this has happened, the real glow of gold is not going to decrease. Gold has always been another name for trust and security. And now, a big expert believes that gold can soon reach more heights than your thinking!
The President of Yardeni Research, Ed Yardeni, has made a major prediction. They believe that by the end of 2025 next year, gold prices can touch the sky, which will keep it a very attractive thing for investors.
How much can the price of gold increase?
Ed Yardeni estimates that:
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By the end of this year (2025): Sleep $ 4000 per ounce Can reach According to India, it is closer ₹ 1,35,000 per 10 grams May be a sense!
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By next year (2026): Sleep $ 5000 per ounce Can also cross the figure of. This means the price of gold in India ₹ 1,53,000 per 10 grams Can be more than!
Gold has already given tremendous returns:
This prediction cannot be taken lightly. Gold has so far closer investors this year 29% Has given a spectacular return, while the last year’s return was around 25%. This shows how much the current situation around the world is increasing the prices of gold.
Why will there be so much fast in gold?
According to Yardeni, there are some big reasons behind the increase in gold prices:
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Economic uncertainty worldwide: When the economy is dancing, people run towards gold as a safe investment.
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America-China tension: Increased tension between these two major powers also increases uncertainty, which is good for sleeping.
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Weak dollar: When the dollar is weak, buying gold becomes cheaper for other currency, which increases its demand.
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Central bank shopping: Central banks of many countries around the world are buying gold instead of dollars nowadays, as they no longer find the dollar as safe. This trend is increasing both the demand and price of gold.
Yardeni believes that all these factor will remain further, so gold can cross the ₹ 1.5 lakh by next year.
Should you invest in gold?
Ed Yardeni recommends that in today’s indefinite environment, a little gold must be included in your investment portfolio. This stock market and bond market help to protect your money from the ups and downs.
He also said that there may be a slight decline in gold prices in the coming time, but this fall may be another good chance to invest in gold. (As recently, the signs of reducing tension between the US-China were also signs when gold came down to ₹ 1 lakh).
The post gold price crosses ₹ 1.5 lakh? Learn what experts say and why shine can increase! First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
