Gold Rate in 2024: Buy Gold Jewelery Today, Get Cheapest Prices, Rates Will increase in 2024
Gold Rate in 2024: For your information, let us tell you that there was a huge increase in the prices of gold in 2023. Gold reached its peak. The current price of 10 grams of gold is Rs 63060. On December 4, the highest price of 2023 was Rs 64063 per 10 grams.
Gold has given returns of more than 15% in 2023. This rise in gold is expected to continue in the year 2024 also. Business analysts estimate. That the price of gold may cross Rs 70 thousand in 2024.
2024 gold price
Business analysts estimate. That the growth rate of gold will continue in 2024 also. The impact of rupee stability, geopolitical uncertainty and slow pace of global economic growth will be visible on gold. The Reserve Bank of India has kept the interest rates stable. Whereas the US Federal Reserve has shown signs of softening the interest rates.
There are indications from the decline in inflation rates. That RBI can cut interest rates. Amidst these signals, expectations of a bullish rise in gold prices remain constant. Gold may become stronger due to these changes. Due to which US bond yields will fall further.
worldwide tension
Due to the Russia-Ukraine war, the ongoing conflict between Israel and Hamas and increasing pressure on the world economy, there are signs of rising gold prices in Asia. The International Monetary Fund (IMF) says. World economic growth may slow down due to continued increase in interest rates by major central banks.
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The attractiveness of gold, which is always considered a safe investment by investors, may increase. Gold will be a safe haven asset amid war and worldwide instability. Business analysts estimate. That in 2024, the price of gold in the world market may reach $ 2400 per ounce. Also, the price of 10 grams of gold can reach Rs 70,000 in the domestic market.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: December 31, 2023
Posted By Sunil
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