Gold became costlier by 25% in 6 months: It rose from ₹57 thousand to ₹70 thousand

At present, gold is witnessing a record-breaking rise. The price of 24-carat gold has reached Rs69,882 and the price of jewelery (22-carat) gold has reached Rs64,012 per 10 grams.

According to experts, its prices will increase further. Gold is touching high due to weakness in the dollar amid uncertainty over interest rate cuts in America.

Gold has already given around 25% returns in the last 6 months. It has reached from 57 thousand to 70 thousand in the last 6 months only. This year i.e. even in just three months it has given returns of more than 10%. This trend may continue further.

Sugandha Sachdeva, founder of SS Wealth Street, believes that the price of gold can reach Rs72,000 by the end of the year. This means that there is scope for a further rise in gold by more than Rs 2 thousand. In such a situation, this could be a better opportunity to buy gold jewelry and invest in gold.

Gold prices have been continuously rising for the last 20 years. Commodity experts say that if inflation increases, gold prices will increase further. The results of America's elections can also have an impact on gold. According to experts, gold prices may rise further.

According to Sachdeva, the situation is such that gold prices will continue to rise till 2025.

If we talk about last year, then in 2023, gold has become costlier by more than Rs 8 thousand. At the beginning of 2023, gold was at Rs54,867 per gram, which reached Rs63,246 per gram on December 31. That means in the year 2023, its price increased by Rs8,379 (16%). At the same time, silver also increased from Rs68,092 to Rs73,395 per kg.

Reserve Bank Governor Shaktikanta Das said on Friday that this year there may be more heat than necessary. In such a situation, some crops may get ruined. Due to this, the trend of reduction in inflation may reverse for some time. This can increase the shine of gold. When inflation increases, gold becomes expensive because investment in it increases, so that the shock from rising prices can be avoided.