look news india
New Delhi, 04 November (HS). Due to geopolitical tension and continuous fluctuations in the global economy, the gold market remains bullish. Diwali is generally considered to be the beginning of the Hindu business calendar. From last Diwali to this Diwali, the price of gold has increased by more than 31 percent. It is believed that by Diwali of next year i.e. 2025, the price of gold may increase by 18 to 22 percent. Similarly, the price of silver can also jump by 30 percent.
Geopolitical tension is believed to be the biggest reason for the rise in gold prices. Along with this, gold has also received support at the global level due to reduction in interest rates by the central banks of many countries, fluctuations in the global economy and decline in most of the stock markets of the world. Experts say that Gold and silver are traditionally considered safe investment instruments. That is why investment in gold increases whenever there is tension or fluctuations in the global economy. Between last Diwali and this Diwali, there was a situation of tension all over the world.
Apart from the ongoing war between Russia and Ukraine, the conflict between Israel and Hamas and Hezbollah has greatly increased the geopolitical tension. Now due to Iran's involvement in this war, the tension has increased further, due to which the global economy has also been badly affected. During this time, many countries of the world have also cut interest rates, due to which the liquidity of the market has increased compared to before. This is the reason why investors are investing heavily in gold and silver as safe investments.
Bullion market expert Mayank Mohan says that from Diwali 2023 to Diwali 2024, gold has given more returns to investors than the average returns of the stock market. From last Diwali to this Diwali, the return of the stock market has been 24.92 percent, while the return in case of gold has been 31.69 percent. This trend may continue till Diwali 2025, as the outlook for gold remains positive.
In such a situation, market experts are predicting a rise in the price of gold by at least 10 percent. Along with this, it is also being said that if the effect of reduction in import duty of gold by the Central Government continues, then its purchase from the international market will increase further, due to which the price of gold may increase by 15 to 18 percent. Is. Apart from this, if the Reserve Bank of India decides to cut interest rates in December or February, then this will also support the price of gold. Like gold, silver is also expected to continue rising.
Vikas Juneja, CEO of Juneja Securities and Financial Services, says that between last Diwali and this Diwali, the price of silver has increased by about 40 percent. Investors have also embraced silver as a safe investment instrument. Along with this, due to increased demand for silver in the industrial sector, its price has also got support. Vikas Juneja says that if there is not much change in the global situation and the demand for silver remains in the industrial sector, then by next Diwali its price may see a rise of up to 30 percent.
However, both experts Mayank Mohan and Vikas Juneja also say that whatever predictions are being made about the price of gold and silver are being made on the basis of the current global and domestic conditions. Any major change in the global or domestic environment can destroy every estimate. Therefore, investors, especially small and retail investors, must study every situation properly before investing money in the market. Along with this, investors should finalize their investment plan only after consulting their investment advisor.