Gold prices will increase further; will be rich in the future!
In recent times there has been a trend towards investing in gold. The price of gold has increased significantly in the last few years. gold, which was once selling at Rs 15,000 to Rs 20,000 per ten gram, has now crossed the Rs 74,000 mark. In such a situation, many people are confused whether it is right to buy gold at this price or not. If you think investing in gold is expensive, then you can get profit by investing in gold depending on the specific strategy. How much more gold prices can rise and at what price you should buy it, the brokerage firm has informed.
Motilal oswal Financial Services, a leading brokerage firm in the country, has said to adopt a buying strategy in case of a fall in the price of gold. The brokerage firm also said that with this strategy, you can make a profit of Rs 12,000 on every 10 grams of gold.
Positive attitude towards gold
Motilal oswal has a positive attitude towards investing in gold. The brokerage firm predicts that the price of gold may go up to Rs 81,000 per ten grams. Therefore, this firm has registered a buy on dip opinion. Motilal oswal advises buying gold when the rate is around Rs 69,000 per ten grams. This way you can make a profit of Rs 12,000 on every ten grams of gold. The brokerage firm's target for the COMEX is $2650 an ounce. The firm advises buying gold at $2250 per ounce. A key reason for gold's continued rally is based on domestic demand and geopolitical tensions. Due to these factors, gold prices may increase further.
Currently, gold prices in india are almost stable. According to information available on ibja's website, ten grams of 24 carat gold is priced at Rs 72,115 per ten gram, while 22 carat gold is priced at around Rs 66,057 per ten gram.
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