Gold Price: इस साल क्यों महंगा हुआ सोना? क्या आगे कम होगा दाम?

4 months ago

Gold market news : सितंबर के महीने में गोल्ड का भाव क्या रह सकता है? फेस्टिव सीजन में गोल्ड खरीददारी के लिए आपको अभी सोना खरीदना चाहिए या इंतजार करना चाहिए? अगले 5 साल में सोने का क्या आउटलुक है? सोने में निवेश करना अभी कितना सुरक्षित? समझिए Manoj Kumar Jain, Director-Prithvi Finmart से
What is gold and silver trends till Diwali and year end. Gold price predictions 2024 for September month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.

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Transcript

00:00Mr. Manoj, first of all, we would like to ask you, if we talk about the gold prices in this year,

00:10if we talk about the start of the year, and now because the 8th month is also about to end,

00:14are there any main factors that are trading with the rise in gold prices?

00:20First of all, if we talk about the rise in gold prices, we have seen a rise in gold prices since the beginning of the year.

00:27And in the international market, we have seen that gold is also trading around the lifetime highs.

00:32In the beginning of the year, if we talk about the central bank of the entire world,

00:38there was a continuous rise in interest rates.

00:41But after that, when it was seen that interest rates were going down from the central bank,

00:47which can be seen in this year, then gradually we saw an improvement in gold.

00:52Along with that, the continuous buying of global central banks has been happening in gold since the beginning of the year.

00:59And we have seen concerns about global economic growth.

01:04Along with that, geopolitical tensions are also going on here, whether it is the Russian-Ukraine war,

01:09or the tension we are seeing in the Middle East,

01:11because of which the safe event buying was also seen in gold.

01:15So there are many such factors, but mainly the buying of global central banks,

01:21and the possibility of interest rates going down from the US Fed,

01:25these are the two major reasons why we have seen a good rise in gold here.

01:30Sir, you have mentioned two major reasons, apart from that you have also mentioned the Russian-Ukraine war.

01:35So, such wars, or any such global politics, any geopolitical tension,

01:41how does it affect the prices of gold, if you can explain this a little more elaborately?

01:47Whenever there are geopolitical tensions here,

01:51then generally the public believes that they prefer to go to safe event assets than riskier assets,

01:59because riskier assets have a lot of volatility, and there is a higher possibility of loss.

02:05So, in such conditions, investors, not only in India, but all over the world,

02:10prefer to go to safe event assets.

02:13And gold is considered to be the safest asset in terms of investment.

02:20That is why we see that whenever there is such a situation,

02:23then the demand for gold increases, and because of that, there is a rise in prices here.

02:29Absolutely. Sir, if we look at the strength of the dollar, the weakness of the rupee,

02:33then how does this factor affect the prices of gold?

02:37Generally, we see that the strength of the dollar pushes gold downwards,

02:41but we have seen that ever since the US Fed has seen an increase in the probability of interest rates,

02:49and the US has been talking about the recession for the past two months,

02:53we have seen a continuous decline in the dollar index.

02:57And this week, the dollar index was down at the lower level of 13 months.

03:03Although there has been some recovery from the lower level,

03:07but the weakness in the dollar has been seen to support gold in a positive way.

03:13Along with that, we have seen that the decline in the rupee has been seen to increase continuously,

03:17and the rupee is trading around its lifetime lows.

03:20So, the decline in the rupee and the weakness of the dollar,

03:23these two factors have been seen to strengthen gold.

Gold Price: इस साल क्यों महंगा हुआ सोना? क्या आगे कम होगा दाम? | GoodReturns

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