Fears of a global recession and continued inflation have meant that gold investors are now expected to return 10 to 15 percent under normal conditions and 15 to 20 percent under growth conditions.
LKB Securities Vice President and Stock Market Expert Trivedi said,
Rather than investing in risky assets, investing in gold can yield returns of 10 to 15 percent on a basic basis, and 15 to 20 percent in bullish markets. By the end of next year, the price of gold can easily touch Rs.66 thousand to Rs.68 thousand.
Gold continues to be strong from a safety perspective in terms of yielding returns suitable for investment. With inflation rising globally, interest rates have not been cut, encouraging investment in gold. For the current year, those who invest in gold over other assets will get a maximum return of Rs 8,000 or 15 per cent. The price of gold is likely to increase from Rs.52 thousand to Rs.60 thousand.
This is what he said.
Meghta Equities Vice President Rahul said,
In the domestic market, the price of 10 grams of gold may increase from Rs 64,500 to Rs 66,800. In the international market, gold prices may move to $2,240 to $2,365 while crossing the $2,078 level. said.
Similarly, another market expert, Anuj Gupta, said that if gold prices continue to rise this year, MCX gold prices will be between Rs 63,000 and Rs 64,000 in 2024. An ounce of gold in the international market is priced at Rs. 2,100 will be.
Thus they said.