Today’s gold price: The price of gold and silver has changed over the past week. There has been a rise in the price of gold. At the same time, there has been a decline in the price of silver. According to the website of the Indian Bullion and Jewelers Association, the price of a 24-carat gold rose to Rs 47,039 per ten grams on Monday. At this time, the gold price is Rs 290.
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Silver is cheap
There has been a steady decline in silver prices since the beginning of this month. According to data from the Indian Bullion and Jewelers Association, the price of silver per kg earlier this month was Rs 67,906. It dropped to Rs 62,233 per kg on the evening of August 21.
|Metal –||Gold (24 carat, morning) (Rs. 10 g)||Gold (24 carat, evening) (Rs / 10g)||Silver (per kilogram, morning)||Silver (per kilogram, evening)|
|August 20th||47,411 Rs||47,329 Rs||62,471 to Rs||62,233 to Rs|
|18th August||47,488 Rs||47,276 Rs||63,657 to Rs||63,341 to Rs|
|17 August||47,484 Rs||47,583 Rs||63,977 Rs||63,936 Rs|
|16 August||47,039 Rs||46,993||63,047 to Rs||62,887 to Rs|
By the end of the year gold will cross 50 thousand
If expert estimates on gold prices prove to be correct, then prices may exceed 50 thousand. According to experts, with festivals like Dussehra, Diwali and the third wave of Corona, prices may rise.
This is the right time to invest in gold
According to Ajay Kedia, director of Kedia Commodities, if you plan to invest in gold for one or two months, stay away from it, but if you have been investing in gold for two years, this is the right time. In the next six months, gold could break the 50000 level and within a year it would break the 54000 level.
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Gold will continue to rise for two years
In the next two years, there will be a gold rise, because if we look at the record of the last 20 years, when gold rises, it will be two to four years. Be it the 2000 to 2004 boom or 2008 to 2011. This time the rise in gold came in 2020 and could last until 2022-23.
What will the next 5 years look like?
According to Diego Parilla, manager of Spain’s Quadriga Ignio Fund, gold prices could be $ 3000 to $ 5000 per ounce over the next three to five years. If you look at it in Indian Rupees, the prices can be anywhere between Rs 78,000 to Rs 1,31,00. In 2016 Diego Parilla predicted gold would be at its record high in 5 years. And last year his assumption proved correct.