Last year gold prices hit an all-time high. But since then there has been a steady decline in gold prices. The fund manager believes gold prices may skyrocket again in the next 3 to 5 years. Let us tell you, before that, the same fund manager had predicted gold prices, which proved to be correct.

Gold vs Stock Market vs FD: You Can Get Rich from the Stock Market in One Year, Learn FD and Gold Status

Did the fund manager say anything?

Diego Parilla, manager of the Quadriga Ignio Fund, which manages a $ 250 million fund, has warned that low interest rates have created a property bubble. It will explode today or tomorrow, it is not easy for any bank to handle such a situation. Diego Parilla predicted in 2016 that gold would be at a record high in 5 years. And last year his guess was correct.

According to fund manager Diego Parilla, gold prices may range from $ 3000 to $ 5000 per ounce over the next three to five years. In August last year, gold reached an all-time high of $ 2,075.47 an ounce. But since then there has been a continuous decrease in prices. A few weeks ago, it was trading at $ 1,800 per dollar. That is, if Diego’s conjecture proves correct again, gold could get double returns. Diego Parilla has worked in various organizations for the past 25 years.

Gold is cheaper at Rs 6000 and silver at Rs 2772. More expensive than last August 3, check today’s rates

At the same time, USB Group believes gold prices will only fall by the end of the year. Gold prices continue to drop until 2022. And this year it could reach 1700 ounces per dollar. Let us tell you that gold prices fell 0.4% to 1,807.01 in July.