Gold market news : नवंबर 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
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#goldrate #gold #goldprice #goldforecast #dhantares2024 #diwali2024
#silverprice #silverrate #Silver #GoldPrediction #24kgold #22kGold #GoldRateNews #GoldPriceNews #GoldRateToday #GoldPriceToday #SilverRateToday #SilverPriceToday #BreakingNews #GoldvsSilver #SilverInvestment #SilverRate #SilverPrediction #SilverOutlook #SilverForecast
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NewsTranscript
00:00Sir, we know that gold is very important and significant on Diwali, so we are also seeing that gold and silver prices are soaring before Diwali, both are trading at an all-time high.
00:13Last month when we were talking to you, you also predicted that it will touch the level of Rs. 80,000, in the same way, silver has also touched the level of up to Rs. 100,000, i.e. both metals are trading at an all-time high.
00:27So, if we talk about Diwali, which lasts only for 2-3 days, what targets would you like to set for gold and silver?
00:34As far as the target of gold and silver is concerned, all the investors who invest in gold and silver, I have always told them that the right time to invest in gold and silver is when you are planning to invest for a long term.
00:51If we talk about gold, in the last 8 years, there was only one year where there were no positive returns in gold, but since the last 8 years, gold has been giving double-digit returns.
01:03And this year, for gold and silver, we can say exceptionally that it has been very good, where gold has given about 30%, silver has given 40% returns in the Indian markets.
01:17There have been many reasons, where the central bank's monetary easing, geopolitical tensions, de-dollarization, all these fundamental factors have been strengthening the prices of gold and silver continuously.
01:32As far as Diwali is concerned, there are only 2 days left in Diwali, so there is not much possibility of any ups and downs in the next 2 days.
01:40We have seen Israel retaliate against Iran, and Iran has not yet refused to take any action.
01:56So, the volatility of gold and silver can be stable once in a while, and the gold and silver business at present can remain in the same range for the next 1-2 sessions.
02:11So, we believe that gold will be in the ranges of 75,000-78,000 on Diwali, and if we talk about silver, then it will remain in the ranges of 95,000-97,000 for the next 2-3 days.
02:25So, the range of gold and silver is between 75,000-78,000 and silver is between 95,000-97,000.
02:34So, if we talk about 1-2 sessions, then it will not be very up and down, and we can see the same range of gold and silver.
02:47Sir, there is a demand factor, and you have mentioned 1-2 factors of Israel and Iran.
02:52If we look at it in these 2-3 days, is there any trend that you think will impact the prices by Diwali?
03:02The geopolitical tensions that the market is already pricing, the next 3-4 days will be important because a lot of U.S. economic data will come this week.
03:15U.S. GDP numbers will come, unemployment claims numbers will come, and because of all this data, the volatility in the market can be seen.
03:25But the geopolitical tensions are being discounted by the market.
03:29That is why, as I said, in the next 2-3 days, we can see a similar range of gold and silver.
03:36So, we believe that there is no big trend in gold and silver in the next 2-3 days, and a range can be made.