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Wedding season is currently going on in India. There is a buzz in the gold and silver market. Apart from this, if the dates of 18th and 19th November are left aside, then for several days before that, a continuous decline in gold prices has been seen. For this reason also people showed interest in buying gold. But, now there is bad news for jewelery buyers. According to the report of Goldman Sachs, a big rise can be seen in the prices of gold.
What did Goldman Sachs say?
Regarding gold prices, Goldman Sachs says that next year, due to purchases by central banks and reduction in American interest rates, gold can reach record levels. Goldman Sachs has included gold among the top commodity trades for 2025.
Gold will reach 3 thousand dollars
Goldman Sachs has predicted the price of one ounce of gold to reach $3,000 by December 2025. The main reason behind this estimate is the increased interest of central banks in gold. However, even this year gold did not become much cheaper. If we leave aside the fall in the last few days, there has been a rise in gold prices throughout the year.
Gold will increase due to trade tension
Goldman Sachs says that the Trump administration can also support gold prices. Apart from this, due to increasing trade tension and increasing concerns about the US financial situation, gold prices may also increase. At present, the spot gold price is around $2,589 an ounce, which is still lower than $2,790 last month.
what is the price of gold today
Talking about Noida, gold has become expensive today. While on November 19, the price of one gram of 22 carat gold in Noida was Rs 7,095, today i.e. on November 20, it has increased to Rs 7,165. Talking about 24 carat gold, today the price of one gram of 24 carat gold in Noida is Rs 7,523. Whereas, on November 19, the price of one gram 24 carat gold in Noida was Rs 7,450.
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