By Admin 
Gold Price Record High: The year is about to end, but gold prices are showing no signs of decreasing. The price of 10 grams of 24 carat gold has reached Rs 1.40 lakh. In such a situation, this year seems to be proving historic for gold prices. Gold prices are continuously achieving new record heights. This year, gold prices have increased by more than 70 percent. At the beginning of the year, the price of 10 grams of gold was Rs 83680. Now it is gradually reaching close to 1.5 lakh.
Will the price increase next year also?
Now people are starting to worry whether the same rise in prices will continue in 2026? JP Morgan analysts say that by December next year, the price of gold may go up to $ 5000 per ounce (Rs 158485 per 10 grams). According to a survey by Goldman Sachs, gold prices may increase by about 36 percent next year and it may reach $ 5000 per ounce. According to the current exchange rate, it will be approximately Rs 1,58,213 per 10 grams. These estimates do not include the additional 3 percent GST and stamp duty imposed in India.
Why did the price of gold increase?
Geopolitical tension is the biggest reason for this rise in the price of gold. On one hand, the war between Russia and Ukraine has been going on without any solution for the last three years, there are also concerns about the possible interruption in the supply of crude oil from Venezuela, investors are also in tension due to the news of US military action against groups associated with ISIS in Africa. In an environment of uncertainty, investors are moving money out of high-risk assets like equities and into safe investments like gold and silver, causing prices to rise.
There is another reason for this rise in gold prices. Actually, the market expects that the US Central Bank will reduce the rates at least twice next year. Due to low interest rates, investors look for such investment options instead of fixed deposits, bonds and savings instruments, which can maintain value. This is the reason why investment in gold ETF is continuously increasing. Central banks around the world have also increased the purchase of gold, due to which the prices are increasing.
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On one side the price of gold increased, on the other side people resorted to Jugaad; Now these good options are being adopted instead of 22 carats.