Markets are recovering completely due to the decline in the stock market worldwide due to the corona virus epidemic. Most of the stock markets have been in or around the pre-Corona era. At the same time, gold prices continue to fluctuate. In the bullion market, gold has become cheaper from its all-time high of Rs 57,008 to Rs 6,643 per 10 grams. At the same time, silver has lost Rs 18928 from its peak of August 7. In such a situation, investors and buyers feel that the price of gold will be around 45,000 rupees per 10 grams? What can be the price of gold till Diwali as most people sell and buy gold around Diwali and Dhanteras. Let’s know what is the opinion of experts ..

What can be the price of gold till Diwali
Navneet Damani, vice-president, commodity research, Motilal Oswal Financial Services, said that in recent times, gold has fallen from a high in the range of Rs 50,000, while silver has come down to Rs 60,000. In the coming times, these fluctuations may continue. According to experts, there is no possibility of any major rise or fall in gold prices till Diwali and the price of 10 grams of gold in Diwali can be between 50000-52000 rupees.

Fluctuations may continue
At the same time, Ajay Kedia, director of Kedia Capital, said that the Stimulus package made steroids for the stock markets. The rapid growth that this has caused, cannot be called natural fast. Markets started falling when the Corona epidemic hit India. Ajay Kedia explains in this way, in 2007 gold was around 9 thousand rupees per ten grams, which in 2016 reached 31 thousand rupees per ten grams. That is, more than three times increase in nine years. It has to be understood that whenever interest rates fall, then investment in gold increases. Growth occurs in cycles in gold. Bicycle from 2008 to 2013 or from 2018 to now.

Gold Price Latest: Gold becomes cheaper, gold price ready to fall below 50000!

Gold rates do not increase suddenly
According to Ajay Kedia, gold rates have not increased suddenly. It started picking up from September 2018. If you understand the period from 2008 to 2013, you will find that the situation today is not very different.

The reason for the fall in the price of gold
The fall in gold prices is due to the strengthening of the rupee in the last two months. The rupee is currently in the range of 73-74 rupees per dollar. 76-77 per dollar reached a few months ago. This has also reduced the price of gold. If the dollar rises, then in the long term, gold prices will rise more rapidly. That is, gold can reach 60 to 70 thousand rupees per ten grams by next year.

(Input – agency)