Gold prices fire, price can cross ₹ 80,000, buy or stop now

News India Live, Digital Desk: Gold Price Update: If you are thinking of buying gold, then be careful! Gold prices in the market are constantly touching the sky and 24 carat gold prices are constantly making new records. The business session of tomorrow (based on the current information) has again seen a boom in gold prices, which is clear that it can become more expensive in the coming days. This is not only for investors, but also for common customers, who are planning to buy gold for festivals or weddings. So let’s know what is the secret of this rising prices and how long it can continue.

New rate of gold in big cities of the country: New place is touching!
According to the latest information, today (depending on the final update) 24 carat 10 grams of gold prices are something in different cities:

• Delhi, Noida and Gurugram: ₹ 73,200 per 10 grams.

• Lucknow and Ahmedabad: ₹ 73,050 per 10 grams.

• Chennai: ₹ 74,300 per 10 grams (here are always more prices).

• Patna: ₹ 73,100 per 10 grams.

Even 22 carat gold prices have seen a rise.

Why are gold prices climbing? What experts say:
Experts believe that there are many major and global reasons behind this continuous increase in gold prices:

1. Expected to cut interest rates: Interest rates are expected to increase interest rates by the US Federal Reserve. When the interest rates are low, investors find more attractive to investing money in investment like gold, because the dollar is weak.

2. Fear of inflation: There is a possibility of increasing inflation worldwide. In such a situation, people consider gold to be the safest option to protect their property from inflation.

3. Land-political stress: Ukraine War and the ongoing struggle in the Middle East such as geopolitical tensions worldwide have increased uncertainty in the market. In this unstable environment, gold is seen as a reliable investment.

4. Purchase of central banks: Many central banks around the world are increasing the amount of gold in their foreign exchange reserves. This increased demand is also bringing a boom in prices.

5. Increasing demand: In the Indian markets, the seasons of weddings and the upcoming festivals also increase the retail demand for gold, which has a positive impact on the prices.

Future prediction: Will gold cross ₹ 80,000?
Many analysts and market experts are assuming that gold prices may see further in the coming days. They estimate that it can also cross the figure of ₹ 75,000 and then ₹ 80,000 per 10 grams. If global economic and geopolitical conditions remain the same, then gold can definitely touch this new place.

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