Gold Rate: Will gold now be out of reach of the common man?

News India Live, Digital Desk: Gold Rate: Gold kept in your mother’s vault… or jewelry saved for your daughter’s wedding… Their shine has increased more than before. Gold prices are touching the sky and it has raised a question in everyone’s mind- what is happening?

The price of gold has crossed Rs 73,000 per 10 grams. It is not just a number, it is a psychological barrier that gold has broken. Those who were thinking of buying gold for Akshaya Tritiya or marriage, are now worried about their budget.

So should we buy gold right now? Or is it better to wait? And the biggest question- can the price of gold really reach 1 lakh rupees?

Let us understand the answers to these questions in easy language.

Why is the gold ‘rocket’?

There are no one reason behind the expensive gold, but there are many major events going on around the world.

1. Fear of fight: Whenever tension in the world increases, as is going on between Iran-Israel, people wanted to panic and set their money safest place. And sleeping for centuries has been considered as ‘safe vault’. It is also called ‘Sankar of Sankat’.

2. Shopping for big countries: Not only the common people, the central banks of big countries of the world like China are also buying indiscriminate gold and filling them in their treasures. When buyers are so big, the price is sure to increase.

3. Bayaz Game: It is expected that the interest rates in the US may soon be reduced. When there is less interest on keeping money in the bank, then big investors like to withdraw their money and put them in gold.

What will happen next? Is not the price of 1 lakh away?

Experts and market experts can surprise you. Many people believe that this is just the beginning.

• In the next 12 months: Experts estimate that gold price 85,000 rupees per 10 grams Can reach

• In the long term: Yes, many analysts have started to believe that in the coming few years 1 lakh rupees It would be no surprise to touch the level of.

This story tells us that gold has now become a part of a global power game, not just a jewel. Its price is now not just local markets, but the ongoing fighting in any corner of the world and the economic decisions of big countries.

Appeal for Peace: S. Jaishankar told why it is necessary to distance the world from Iran-Israel case.