By Admin 
Gold Price: In the Middle East, there has been a tremendous jump in the price of gold amidst heavy tension. Its price is crossing one lakh rupees on a day earlier i.e. Friday. In the national capital Delhi, gold was trading at the rate of Rs 1,01,540 per 10 grams with a huge jump of about Rs 2200. In such a situation, this question must be coming in the minds of many people that when the gold has crossed one lakh rupees at this time, then what can be its sense after the next one year.
Actually, for the first time on April 22, gold had crossed the price of historic Rs 1 lakh. After that this is a chance again when Sona has gone above one lakh rupees. In such a situation, its wildly running prices are being considered as a big factor. The first Trump Tariff created panic in the international market. Here, Ukraine War, Israel Hamas Jung and now Israel’s attack on Iran.
Where will the price of gold go?
Actually, an important thing in the minds of investors about gold is that it is the safest investment. Therefore, whenever there is upheaval in the market, investors turn to gold. This is the reason that whenever the demand has increased with its speed, the price of gold has reached the seventh sky at the same speed.
There is also a factor that the figure of inflation released by the US recently is less than expected. In such a situation, it is being speculated that interest rates can be cut by the Federal Reserve. In such a situation, history is witness that whenever interest rates are cut by the Federal Reserve, it has a direct effect on the dollar. The dollar value is weak.
Expected to drive away more in a year
It is believed that the price of gold in the international market will rise further. If about the rate of 12 months, Bank of America believes that gold can reach about four thousand dollars an ounce. However, different estimates are being made about this. Goldman Sachs predicts that due to tremendous purchases being made by central banks, gold can reach four hundred dollars by the end of next year and June-July of 2026 by June-July.
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