24 Carat Gold Rate Today: Expensive gold is making people cry, are you waiting for the price to fall? Know where the price of gold will stop in the year 2025, buyers are missing even after discount
24 Carat Gold Rate Today: The price of gold is skyrocketing. The price has increased so much that people have reduced buying jewellery. The biggest problem is with those people who have a wedding in their house, how will the wedding happen without gold jewellery and how to buy gold in such inflation?
Gold Rate Today: The price of gold is skyrocketing. The price has increased so much that people have reduced buying jewellery.
The biggest problem is with those people who have a wedding in their house, how will the wedding take place without gold jewellery and how to buy gold in such inflation?
In this dilemma, people are waiting for gold to become cheaper. People hope that the price of gold will fall in the coming days. If you are also among those people who are waiting for gold to become cheaper, then just know how far gold can reach by the end of the year 2025?
The price of 24 carat gold released on the IBJA website has reached Rs 109097 per 10 grams. While the price of 22 carat gold is Rs 108660 per 10 grams and the price of 18 carat gold is Rs 99933 per 10 grams. Along with gold, the price of silver is also skyrocketing.
The rate of 1 kg silver has crossed Rs 136100. While the price of silver is at a 14-year high, gold is breaking its own old record. Read- Petrol and diesel will not come under the purview of GST for now, hopes of cheap oil are over! CBIC Chairman told where the problem is getting stuck
Where will the price of gold reach by the year 2025?
People who have weddings at home, people who buy gold on Dhanteras-Diwali are waiting for the price of gold to come down. Retail buyers want to buy gold but due to the high prices, they are waiting for the prices to come down so that they can buy.
Jewelers are also worried about the high prices, because there is no hope of strong retail demand. According to Anuj Gupta, Director of Ya Wealth Research, the chances of gold prices falling are very low. The price of gold can reach between Rs 112,000 and Rs 115,000 per 10 grams by the end of this year or December.
Why is the price of gold increasing?
Central banks around the world are buying gold in large quantities. At the same time, the US Federal Bank is expected to cut interest rates. If this happens, the dollar may weaken and gold purchases may increase.
At the same time, there is an atmosphere of uncertainty due to tariffs, in such a situation investors are turning to gold as a safe investment.
Discount on gold but no purchase
To increase gold purchases, discounts are being given on gold in China. To control the rising price of gold, discounts are being given on gold in China, which is the highest in nine months.
Chinese dealers gave a discount of 17-24 dollars per ounce on global benchmark spot prices. Their intention behind the discount is that people buy gold so that the demand increases.