New Delhi: Ever since US President Donald Trump announced the increase in tariffs, instability has been seen in markets worldwide. Its effect is now being seen in the Indian bullion market as well. For quite some time, there has been a lot of turmoil in the bullion markets, disappointment on the customers’ faces.
According to some experts, gold can reach up to Rs 50,000 per ten grams in the coming days. Many believe that the price of gold can reach Rs 1.30 lakh per ten grams in the coming days. The investment banker Goldman Sachs reports that it has taken everyone’s sleep away.
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If this report is to be believed, the price of gold can reach $ 4500 per ounce (1,36,000 per 10 grams). According to the report, due to the ongoing trade war between the US and China and the fear of the market, the price of gold will likely go up to $ 4500 per ounce by the end of 2025.
Know when the target price of gold increases.d
Goldman Sachs has once again surprised everyone by increasing the target price of gold. According to a thinvestment banker’s report, this year’s target gold price is $ 3700 per ounce. In this, the target price of gold was set at $ 3300 per ounce in early March.
Know what is the price of Gold ETF?
Last week, the Gold ETF crossed the level of $ 3200 per ounce for the first time. Due to increasing pressure at the global level, the price of the Gold ETF reached the level of $ 324.69 per ounce. The demand for gold has risen significantly in physical and exchange trade.
At what rate is gold being sold now
Spot gold is trading at $ 3223.67 per ounce after a decline of 0.4 percent. According to a Reuters report, US gold futures were seen trading at $3240.90 per ounce after a drop of 0.1 percent.
