A major Chinese insurance company is to invest 1 percent of its total assets in gold, which accounts for 6 percent of the annual volume of the global gold market. The decision is expected to significantly increase the price of gold.
………………………………………………………………..
Hyderabad: Gold prices are continuously increasing, making it difficult for common citizens to buy gold. The price of one ounce (28.3 grams) of gold in the international market is likely to reach $3,500 in the next one and a half years, which means the price of 10 grams of gold (one tola) in India could cross ₹1,00,000. This has been predicted by BofA Global Research in its recent report.
Experts say that if non-commercial gold purchases increase by 10% in the fiscal year 2025-26, the price of gold could reach this level. The report further states that even if non-commercial purchases increase by just 1% in 2025, the average price of an ounce of gold in the international market could reach $3,000.
A major Chinese insurance company is going to invest 1 percent of its total assets in gold, which accounts for 6 percent of the annual volume of the global gold market. This decision is expected to significantly increase the price of gold.
Several central banks globally are planning to increase their current 10 percent gold holdings to 30 percent to further strengthen their financial reserves. If this decision becomes practical, gold prices will see a huge increase.
Due to the uncertainty in the global stock market, ordinary investors are attracted to safer investments, which has led to an increase in investment in gold. This is also having an impact on gold prices, which are likely to become more expensive in the coming days.
According to experts, if an investor wants to gain long-term benefits, investing in gold can still be a safe option, as its price is expected to increase further in the future. However, short-term investors need to be careful as fluctuations in gold prices are also possible.
Gold prices are expected to rise further in the coming months, and if current trends continue, the price of gold could cross Rs 100,000 per tola by 2026.
