Gold lottery will be held, soon it will reach the level of 75000! Know what was the indication?

Gold price may increase: Amid fears of recession in the US, selling pressure has increased in stock markets across the world. The effect of which is being seen on the Indian stock market today. According to the current data, the Sensex is trading at 78,601.41, down 2,380.55 points. While the Nifty has fallen 719.70 points to 23,998.00 points. Nifty has broken the important support of 24 thousand. According to market experts, the decline in the market is likely to continue. Nifty is likely to fall further by 7-10%. If this happens, the market will take support at 23,000. The current big decline in the market has once again brought a golden opportunity for gold and silver investors. Commodity experts believe that gold and silver may rise again. So let us know when gold will rise and when should one invest keeping this in mind?

Gold may once again reach the level of 75,000

Anuj Gupta, Head of Commodity and Currency, HDFC Securities, said, “At present, there is a sell-off environment in the stock markets around the world. At the same time, the threat of the ongoing war between Israel and Hamas is also increasing. Therefore, geopolitical uncertainty will increase in the world, which will have a negative impact on the stock market. In such a situation, the stock market may fall further in the future. Which will work to increase the price of gold and silver. I believe that given the current situation, investors investing in gold and silver should adopt a 'wait and watch' policy. If you are a long-term investor, then this is a golden opportunity to buy gold and silver now. Gold may soon once again touch the level of Rs 75,000 per 10 grams.

Gold can give a return of 15% to 18% in 2 years

The price of gold had come down due to the reduction in customs duty by the Modi government in the budget. However, now there is less chance of further decline. And the way things are changing globally is a good sign for gold. The demand for gold will increase in the upcoming festive season. With the increase in demand, the price will also increase. Keeping all these aspects in mind, now is a good time to buy gold. Gold is expected to give a return of 15 percent to 18 percent in the next 2 years.