Gudi Padwa Gold Rate: Gold prices are continuously increasing. The price of 24 carat gold has increased and reached Rs 90980 per 10 grams. Gold prices are continuously increasing. A big increase in gold prices was also seen on MCX. Gold futures have increased by 0.35 percent to Rs 312 and reached Rs 88696 per 10 grams. There has also been a big increase in gold prices in the international market. Spot gold has reached $ 3079.01 per ounce. US gold futures have reached $ 3086.80 per ounce. (Gudi Padwa Gold Rate)
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Gold prices to hike further in international market
Due to the new policy of US President Donald Trump, the risk of a trade war has increased in the world. Considering the risk, investors are preferring to invest in gold because it is considered safe. Therefore, if there is instability in the world, investment in gold increases and its price increases. According to experts, the upward trend in gold prices will continue. Currently, gold prices in the international market have reached $ 3100 per ounce.
As per the experts, the year 2025 is going to be good for gold prices. In the first three months, gold prices have increased by 15.4 percent in international market. It has increased 14 percent in India. The ongoing rise in gold prices has given relief to investors. Bank of America has increased its target for gold prices. According to their estimates, gold prices will go up to $ 3305 per ounce. If investments in gold continue to increase in the same way, it can go up to $ 3500 per ounce.
In a report of Bank of America, it has been mentioned that Central banks around the world are increasing their investment in gold. Currently, central banks around the world hold 10 percent of their gold reserves. This could increase to 30 percent. If political instability increases around the world and governments in the country play a cooperative role, the rise in gold prices could take a break.
According to financial advisors, investors should include gold in their investments. Investors should invest 10-15 percent in gold prices. This can diversify the portfolio of investors. To invest in gold, you can invest in gold ETFs and gold schemes of mutual funds. If you want to invest in gold ETFs, a demat account is required.
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