By Admin 
Gold and Silver Price Prediction: Gold prices are continuously touching new heights. At present, gold is trading at the level of Rs 1,30,000. However, despite this there is no dearth of investment in gold and silver. The sale of gold and silver worth more than Rs 60,000 crore on Dhanteras is proof of this. Investment on gold is also yielding continuous profits.
200% return in 5 years
In October 2020, its price was Rs 47,000 per 10 grams, which has now reached Rs 1.30 lakh. That means it has given returns of almost 200 percent in 5 years. From last Diwali till now, gold has given returns of up to 60 percent. However, so far this year the price of gold has increased by Rs 54,700. On December 31, 2024, the price of 10 grams of 24 carat gold was Rs 76,162, which has now become Rs 1,30,840. That means it has given approximately 70 percent return.
The price of gold and silver will increase
Experts believe that by the next Dhanteras, the price of gold can reach Rs 1.60 lakh per 10 grams. So far this year, gold has given returns of more than 70 percent. British bank SSBC has also estimated that the price of gold is expected to reach $5000 by the year 2026. If seen from this perspective, its price in India will be Rs 1.50 lakh per 10 grams. If it crosses 5000 dollars, the price can reach 1.60 lakhs. Now it has reached close to Rs 4500 per ounce. Not only SSBC but Bank of America has also increased the target price for gold to $5000.
Brokerage Motilal Oswal has estimated that by 2026, the price of silver in the country may reach Rs 2.4 lakh per kg, which is about 46 percent more than the current level. With this, global prices will strengthen to $70 per ounce by 2027. The brokerage expects silver to trade around $75 an ounce globally in 2026 and strengthen to around $77 an ounce by 2027. Silver prices will increase due to reduction in global supply and strong industrial demand.
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