By Admin 
Gold Price Forecast: Gold prices have been setting new records in recent times. The demand for gold as a safe investment is increasing again. In fact, falling of rupee to record low, selling by foreign investors, geopolitical tension over Greenland, disappointing results of big companies like RIL are boosting the demand for gold. This is the reason why there is a continuous rise in the prices of gold and silver. At present, there is no sign of any decline in it.
Gold hits new all-time high
By Friday, the price of 10 grams of 24 carat gold reached a new all-time high of Rs 1.6 lakh. In the last one year, the price of gold has increased by about 93 percent. However, on January 23, a slight decline was recorded in gold and silver exchange-traded funds (ETFs), but again the prices jumped by 17 percent.
Even today, the price of 24 carat gold is Rs 15,862 per gram, which is Rs 147 more than yesterday’s rate of Rs 15,715. At the same time, the price of 10 grams of 24 carat gold has increased to Rs 1,58,620, which is Rs 1,470 more than yesterday’s Rs 1,57,150.
Goldman Sachs estimated
After this tremendous rise in the price of gold, brokerage firm Goldman Sachs has increased the target price of gold to $ 5400 per ounce by the end of 2026. That means approximately Rs 1,75,160 per 10 grams. This is much higher than its earlier estimate of $ 4900 per ounce or approximately Rs 1,58,960 per 10 grams. According to sources, a 10 percent rise in the price of gold suggests that Goldman may be seeing a structural change in demand. He believes that private investors and central banks of emerging markets are gradually moving away from traditional reserve assets and preferring gold.
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