Gold market news : अक्टूबर 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 October month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.
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What is gold and silver trends till Diwali and year end. Gold price predictions 2024 for October month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.
#goldrate #gold #goldprice #goldforecast
#silverprice #silverrate #Silver #GoldPrediction #24kgold #22kGold #GoldRateNews #GoldPriceNews #GoldRateToday #GoldPriceToday #SilverRateToday #SilverPriceToday #BreakingNews #GoldvsSilver #SilverInvestment #SilverRate #SilverPrediction #SilverOutlook #SilverForecast
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NewsTranscript
00:00What do you think, if we talk about the next quarter 1,
00:04can gold achieve the level of $2750 per ounce?
00:09Absolutely. We believe that by the end of this year,
00:12we will be in the $2750-$2800 international market.
00:15And if we talk about December 2025,
00:18then we can see an interest of up to $3,000 in the international market.
00:22If we talk about the Indian markets,
00:24then by the end of this year, we will see prices going up to $77,000.
00:30And if we talk about the end of this year,
00:34then we can see prices going up to $80,000-$82,000.
00:38So, there is a good chance of growth in the long term.
00:42And if there are any falls or corrections,
00:44then it should be seen as an investment opportunity.
00:47If you see any correction for any reason,
00:50then it can be a buying opportunity for you.
00:53Sir, if we talk about silver,
00:55what will be your outlook on silver these days?
00:57Can we expect a bullish run on silver in comparison to gold?
01:03Absolutely. We believe that in the coming time,
01:05silver will be outperforming gold.
01:09The main reason behind this is that
01:11silver being an industrial metal,
01:13its brightness has increased here.
01:15And as we can see,
01:17the stimulus that China has started,
01:19we have seen a rate cut of 50 basis points in RRR this week.
01:23Along with that, we can see that
01:25the gradual stimulus they are giving to stabilize the economy.
01:29So, as the Chinese economy stabilizes,
01:31we will see an increase in industrial demand.
01:33So, we believe that in the next 1-1.5 years,
01:35silver will be outperforming gold.
01:39So, if we talk about the price in that condition,
01:41then in the Indian markets,
01:43by the end of this year,
01:45by the end of 2020,
01:47we can see prices going up to 1 lakh.
01:49If we talk about dollar terms,
01:51then in the international market,
01:53we can see 34.5 dollars by the end of this year.
01:57If we talk about the end of 2025,
01:59then we can see prices going up to 40 dollars in the international market.
02:05And in the Indian markets,
02:07there is a possibility of prices going up to 1.25 lakhs.
02:09We can see this trend here.
02:13So, we can see silver outperforming gold in the next 1-1.5 years.
02:17So, silver can outperform,
02:19but according to the Indian market,
02:21if we look at it,
02:23and specifically, I would like to know your opinion,
02:25then between gold and silver,
02:27which one would you pick?
02:29You have told us the targets,
02:31but which one would you pick?
02:33If someone wants to make a portfolio
02:35for the next 1.5 years,
02:37then the ratio here is
02:3960% of silver and 40% of gold.
02:41Because silver can outperform gold in the next 1-1.5 years.
02:45So, in your portfolio,
02:4760% of silver and 40% of gold.
02:53And in your overall portfolio,
02:55the allocation of precious metals,
02:57you should keep at least 15% at this time.
03:01If you invest in real estate, bonds, FDR, mutual funds,
03:07or in the share market,
03:09in that case,
03:11diversifying your portfolio,
03:13you should keep at least 15% in precious metals.
03:17Absolutely.
03:19If we talk about the portfolio of gold and silver,
03:21then you can keep a ratio of 60-40,
03:23which should have 60% silver.
03:25And if we talk about your overall portfolio,
03:27then you should give 15% to both these metals.
03:31Sir, you have also given targets for 2024.
03:33You have also talked about the end of 2025.
03:37But if we talk specifically,
03:39because people are focusing on the festive and wedding season.
03:45So, what is the best time for you
03:47if someone wants to buy for this season,
03:51for gold and silver?
03:53Absolutely.
03:55As we have said before,
03:57this is a structural bull run.
03:59And it will continue for a long time.
04:01And we have seen a good run-up in this month.
04:03So, there is a possibility of a correction here.
04:05In terms of prices,
04:07if there is a fall of Rs. 1,000 to Rs. 1,500 in gold,
04:09then you should definitely buy here.
04:11Similarly, if there is a fall of Rs. 2,000 to Rs. 2,500 in silver,
04:15then you should definitely buy.
04:17There is a possibility of better returns in the long term.
04:21Now, in terms of the level,
04:23there is no big deal in the volatility of 2-3% in gold and silver.
04:27So, there is nothing to be afraid of.
04:29Investors in the long term should keep investing in SIP.
04:33Investors who want to invest in the short term,
04:35should wait here for a while.
04:37Whatever correction comes in 1-2 weeks,
04:39can be invested there.
04:41Absolutely.
04:43Sir, for the end of 2024,
04:45the target you have given for gold
04:47is around Rs. 77,000.
04:49If we talk about October,
04:51for October in particular,
04:53what targets would you like to give to gold and silver?
04:55In October, we believe that
04:57gold can have an upper range of Rs. 76,000
04:59being a festive season.
05:01A good run-up has come here.
05:03A consolidation can be seen in October
05:05between Rs. 73,000 to Rs. 76,000.
05:07If we talk about silver,
05:09the upper range here can be of Rs. 97,000.
05:11A consolidation can be seen in the range
05:13between Rs. 90,000 to Rs. 97,000.
05:15A circle can be created here.
05:17The upper range is of Rs. 97,000 for silver
05:19and Rs. 76,000 for gold.
05:31you