If you have invested in gold then you do not need to worry. Gold will cross 1 lakh again by the end of this year. This year Gold has given good returns. However, its brightness has faded in the last few months. ICICI Global Markets has said that gold will be seen in the second half of this calendar year. This will cross the price of Rs 1,00,000 per 10 grams by the end of this year.
ICICI Bank Global Markets said in its report, “Gold prices will start climbing their short -term 96,500. Then they will cross the first 98,500 and then to Rs 1,00,000.” Currently, trading is being done in the range of Rs 96,500-98,500 in Gold. The reason for this is the decrease in geopolitical tension. There has been a ceasefire between Iran and Israel. On the other hand, there has been a deal between China and America on tariffs. In late this year, gold prices made new records of height.
In April, the price of gold in the international market reached $ 3500 an ounce. Gold reached this level for the first time. Here, the price of gold in India had crossed Rs 1 lakh per 10 grams. If the gold remained at this level, then its return would have been more spectacular in 2025. However, the return of gold is still close to 28 per cent this year. Experts say that the outlook of gold is strong. Consolidation is currently visible in gold.
Financial Advisors say that you should not withdraw your investment money in gold after seeing the softening of gold prices. If you are investing in the gold scheme of Gold ETF or mutual funds, then you should not close it. Many people do not start extracting their investment as soon as prices fall. This causes them to suffer losses in the long term. Experts also say that it is necessary to have bullion in investors’ portpolio.
