Expectations of growth in the country, know from experts, where prices can go. Gold Price Update; NewsBust India Analysis; Expectations of growth in the country | NewsBust Expectations of growth in the country, know from experts, where prices can go. Gold Price Update; NewsBust India Analysis; Expectations of growth in the country | NewsBust

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Expectations of growth in the country, know from experts, where prices can go. Gold Price Update; NewsBust India Analysis; Expectations of growth in the country

By Amit - January 25, 2023

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  • Gold Price Update; NewsBust India Analysis; Expectations Of Growth In The Country

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The biggest question in the mind regarding the golden journey of gold running on the record-path is that in which direction will it go? Will it be expensive or cheap? To find answers to these questions, NewsBust India analyzed the views of the experts of the country and the world. Analysts of the world believe that gold prices may fall by up to 22% in the international market this year. At the same time, according to experts, gold here can be expensive by 8-10%.

The report of Capital Economics says that the supply chain has started improving in the international market. Gold mining has increased. Inflation has started coming down in countries like America and Britain. Due to this, investors have started investing money in equity. In such a situation, the demand for gold is expected to weaken.

13 out of 20 big analysts around the world believe that the prices will be reduced by 5-22%.
13 out of 20 leading financial institutions and analysts around the world predict that the price of gold will decline by 5-22% in 2023. These include big institutions like World Bank, Credit Suisse and Capital Economics.

This is the reason for the fall in prices.

  • Gold mining in Australia grew by 12% in October-December.
  • Gold consumption expected to decrease in America, Europe and China.
  • Inflation is slowly coming down.

3 out of 20 institutes (Bank of America, BCA, ING) believe the prices to be around Rs 54,685/10 gm.

Reasons for rising prices…
4 out of 20 institutions (Standard Chartered, Pierre Lassonde, Saxo Bank, Robert Kiyosaki) believe that prices will rise up to double.

  • Fear of recession will increase demand.
  • Inflation will be able to come down in 2 years.
  • Supply from China will be interrupted.
  • Markets will fall due to outbreak of Ukraine war, demand for gold will increase.

Here the price is possible to go up to 62 thousand
Ajay Kedia, director of Kedia Advisory, said – Gold can go up to 62 thousand. Because, the demand from the villages will increase. The 15% import duty will not have much effect on reducing the prices in the international market. Due to the weakening of the rupee, more dollars will have to be paid for gold.

Also read this news related to Sona…

Gold again reached all time high: 57 thousand 362 rupees, by the end of the year the price can go up to 64 thousand rupees

In the first month of the year i.e. January, the brightness of gold is continuously increasing and as a result of this it is continuously making price records. Today, on Tuesday, gold has again created a new all-time high. According to the website of the India Bullion and Jewelers Association (IBJA), on January 24, gold became costlier by Rs 312 in the bullion market and reached Rs 57 thousand 362 per 10 grams. Read the full news here…

There is more news…

Amit

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