Gold Price: Gold is now becoming a favorite option for investors and its prices can reach ₹ 1.4 to ₹ 1.5 lakh per 10 grams in the next time. This is to say that commodities and currency teenagers in Motilal Oswal Financial Services.
Price of gold in the international market
During a conversation with a private channel, he said that when the price of gold in the international market was close to $ 2,500 an ounce in 2024, he had set its target $ 3,200 -which has been achieved in four months. Kishore Narne said that it can be a stressful time for investors who did not take advantage of this fast. At the same time, now the loan who wants to invest money in gold afresh, should be cautious because it will have a lot of ups and downs.
The direction of gold is clear
Kishore Narne also said that the direction of gold is fixed, even if the time is not fixed. Its price can go up to ₹ 1.5 lakh. He suggested that when gold prices decline, then include it in the portfolio. Along with this, he said that do not remove profits from the current investment nor do short selling. Narne said – Gold will be an important means for investment for the next decade. The investor should get out only when they have an asset class better than this.
The price of gold yesterday set a new record
On Tuesday, the price of gold in the retail market on Tuesday set a new record, when 24 carat gold crossed the historical level of ₹ 1 lakh per 10 grams. This bounce is being seen due to tariffs and global trade tension installed by Trump. Since March 2024, the price of gold has seen a rise of about 59%.