Gold Price: Every day, changes are seen in the prices of gold all over the world, including India. For the last few days, the rates of gold have constantly been increasing, but now, a slight decline has been seen in the rates of gold. Indian people love gold very much. In India, gold is being purchased on every occasion, be it wedding, anniversary, birthday gift or planning of savings.
Gold is not considered only a thing of adornment in India, but is a good means of saving. If seen, when the rates of gold were constantly increasing for the last few months, then the sellers of gold were pleased, and the buyers were very sad. But now a lot of news is coming out about the price of gold.
A new prediction is being made about the price of gold; if it proves true, 10 grams of gold will reach only Rs 55000-56000. Currently, gold in India is around Rs 90,000 per 10 grams.
Will gold reach Rs 56000?
So far, gold has remained at its high price level. But now it is being predicted that the price of gold can reach Rs 56000 per 10 grams. It is said that a significant drop in the gold price will be seen in the coming days. It is claimed that the price of gold can come down to Rs 56000. According to the Economic Times report, this prediction was made by an analyst of Morning Star. It has been claimed that there could be a big fall of 38% in the price of gold in the coming days. American expert Don Mills has claimed that in the coming year,s the price of gold can fall from $ 3080 per ounce to $ 1820 per ounce. This means that the price of gold in India can reach Rs 55000-56000 per 10 grams.
However, many experts disagree with this prediction. According to Bank of America, the price of gold can reach $3,500 per ounce in the next two years. Only time will tell whether the gold rates will decrease or increase.