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Understands its gold price spiking recently because its been below 1 lakh for a long time now. The graphs show foreshadowed that it will cross 1 lakh and people expected it to be in mid or end of this financial year. But if we were to analyze closer, we can understand that eventually it will cross the mark. And now it has comfortably crossed 1 lakh afterwith a massive support of domestic consumption
Keeps an eye on and now understands why and how the graph is crossing the mark. And that makes people think why does purchasing it becomes rudimentary . But fact is after 2024, even if gold is holding 90 k, it will seemingly becoming india virtue.
For example in coming years, it is safe to say it will rest somewhere nearby 1.5 lakh to 1.8 lakh, as shared by headlines on many trusted platforms claiming gold consumption is rising extensively in india empowering the economy!
Why is Gold getting so Expensive?
So, what fuels this wave of possibilities? According to JP Morgan, one major factor is strong expected buying not just from individual investors seeking a store of value, but substantially from central banks globally looking to strengthen their reserves. They project net demand for gold by central banks could be around 710 tonnes quarterly this year.
But not really — it’s not guaranteed
Always keep in mind these are forecasts. JP Morgan’s gold estimate for the headwinds case seems much worse than the base case. If central bank buying slows down too much, or if the US economy does much better than expected in light of all the trade war fuss, gold prices might see bearish potential.
What about silver?
While gold is in the spotlight, silver isn’t waiting idle. Analysts expect the market price of silver (Silver Latest rate) will also fetch silver dollar signs. JP Morgan’s $39-per-ounce prognosis says he’ll strengthen his silver in the second half of 2025 with the second half being particularly aggressive.
To sum up, almost all experts think the price of gold is way too high and is expected to reach four figures surging prices, but for some reason believe there is a lot more room for growth in the years to come, and adds, “Bifwile along those lines also commanding a slew of institutional and investor interest,” Silver is likely to trail along a mixed course too.
