"Gold.." Will the price go up next year? Will it go down? anand Srinivasan is on the verge of a thumping! Take note
Chennai: There are only a few days left for this year to end. If there is anything that has given us the most profit this year, it is gold. Meanwhile, anand Srinivasan has explained what the market will be like next year. Which one has the most potential to rise? What are the reasons for that? Let's see.
Gold prices have been rising continuously for the past few months. Since the beginning of this year alone, gold prices have increased by more than 25%.
Gold prices
Gold prices, which fell slightly due to the US presidential election results, have started increasing again since then. Today, 22-carat gold is at ₹7,150 per gram. Similarly, 24-carat gold is at Rs.7800. In the last 3 days alone, one gram of gold has increased by Rs.65.
With gold prices reaching record highs this year, economist anand Srinivasan has explained what the price of gold will be like next year. He shared information on his YouTube channel about why the price of gold will rise and how much it will rise.
Anand Srinivasan
In this regard, anand Srinivasan said on his YouTube page, "Gold has increased by 27% this year alone. For many years after Corona, gold has given more profit than Nifty. But this time it is not only Nifty. It has even emptied the S&P 500 (the value index of the top 500 companies in America). gold has given more profit than the US stock market.
Usually, when it comes to the stock market, we get tense just by looking at the price fluctuations. But when it comes to gold, we do not know whether it is going up or down. This is the best year for gold since 2010. It is in this range only because the central government reduced the import duty once. Otherwise, 22-carat gold would have easily crossed Rs. 8000.
International conflicts
The Israel-Iran war, the Ukraine conflict, Syrian coup are the reasons for this. They will say. But, in reality, russia and china are on one side. The united states is on the other side. Because of the two divisions in the world, even when the US Federal Reserve increases interest rates, the price of gold also rises.
Now, if the US Federal Reserve reduces its interest rates, the price of gold will soar. Next year, they will not reduce interest rates significantly. But, when they reduce interest rates the year after that, the price of gold will soar somewhere. It is noteworthy that already last October, the price of gold in the United States had touched a new high. India's gold imports have also increased.
What will happen
On one hand, the value of the rupee is also continuously falling. When the value of the rupee falls, gold will be super. Therefore, no one can beat gold for the next 24 months. Next year, the price of gold will reach its peak. But the year after that, gold will rise to the point of eating it up. Therefore, those who have bought gold need not be afraid. As I say, if you have bought 400 grams of gold, you will be happy. "We are making money without any fluctuations."
This is just a news story. This should not be taken as investment advice. Before making any investment decisions, you should consult your financial advisor and make the decision that suits you.
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