New Delhi: America has created turmoil by launching tariff wars on countries worldwide. It is in a fierce trade war with China. This decision of US President Donald Trump has created instability in markets around the world. There is a lot of fluctuation in the prices of gold and silver, which has spoiled everyone’s pocket budget.
Will the price of gold in India increase so much that it will become difficult even to buy? Some experts believe that the cost of gold in India can go up to Rs 1 lakh. But what will be the reason that the rate of gold will reach one lakh per ten grams? Some experts believe that the price of gold can decrease by up to 40 percent. You can know all such things in the article below, where your confusion will end.
Will gold reach Rs 1 lakh per tola?
Will the gold reach Rs 1 lakh per ten grams in the Indian bullion market due to the steps taken by China? Many such questions are in people’s minds. According to Ryan McIntyre, expert portfolio manager of Sprott Asset Management, the global instability caused by heavy purchases by central banks and Trump’s tariff policy significantly boosts gold prices.
According to Colin Shah, MD of Kama Jewellery, if the US Federal Reserve cuts interest rates twice this year, the gold rate will reach Rs 1 lakh. Meanwhile, he said that gold remains in high demand as a safe investment during economic instability.
Kishore Narne, commodity head of Motilal Oswal Financial Services, has also said something significant. He said that there is no limit to the price of gold. It can reach $4000-$4,5000 per ounce.
Will gold become 40 percent cheaper?
If Morningstar’s market strategist John Mills is to be believed, a bumper fall in gold prices can also be seen. John Mills says gold prices can fall to $1,820 per ounce. There can be a 38-40 percent reduction from the current $3,080 per ounce.
According to this, the price of gold will reach Rs 56,000 per ten grams. He said that prices can come down rapidly due to the increase in supply, decrease in demand and market saturation.