Gold set a new record of height on 28 March. The price of 24 carat gold rose to Rs 90,980 per 10 grams. Gold prices are increasing faster than expected. The Commodity Exchange MCX also saw a tremendous rise in gold. Gold futures were rose by Rs 312, or 0.35 per cent to Rs 88,696. Gold has also made a new record of height in the international market. Spot Gold reached $ 3,079.01 an ounce, while the US Gold Futures were at $ 3,086.80 an ounce. The question is, how far will gold prices go?
3100 $ 3100 in international market
Experts say that the policy of President Donald Trump in the US has increased the threat of trade war in the world. Gold with this (GoldInvestors’ interest has increased in. Gold is considered the safest source of investment. Therefore, when the situation of turmoil in the world increases, gold prices start to climb. Experts say that the rise in gold prices is expected to continue. Now it has reached very close to $ 3,100 an ounce.
Prices can go up to $ 3500 an ounce
The year 2025 looks great for Gold. Gold has risen 15.4 percent in the international market in the first three months of this year and 14 percent in India. No other assets have given so much return during this period. Gold would rarely have gained such a boom before. Bank of America has increased its target for gold. He has said that the price of gold can go up to $ 3,305 an ounce next year. He has said in his report that if the investment demand in gold continues to grow in this way, then its price can go up to $ 3,500 an ounce in the next two years.
Central banks are increasing gold in gold worldwide
BOFA has also said in its report that the gold stake in the reserve of the world’s central banks is 10 per cent. It can increase to 30 percent. However, the Bank of America has also said in its report that if the US runs on the path of fiscal consolidation, ziopolitical tension increases and the governments of big countries in the world are ready to cooperate among themselves, then gold may break the boom.
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Advice to invest 10-15 percent in gold
Financial advisors say that investors should include gold in their portfolio. Investors can invest 10-15 percent in gold. This will help in making the portfolio diversified. Now it has become very easy to invest in gold. Investors can invest at home in the gold scheme of gold ETFs and mutual funds. However, a demat account is necessary to invest in Gold ETF. However, the gold scheme of mutual funds can invest without a demat account.