Can gold rate increase to Rs 10000 per gram in the upcoming years
Will Gold rate increase to Rs 10000 per gram in upcoming years
Its impossible to predict the exact future of gold price because of various market factors, economic situations. There are some consideration which might let you know that gold might reach Rs 10,000 per gram:
Reasons on Gold Prices Influencing
Currency Devaluation: We often see Gold to be a hedge on currency depreciation and inflation. If inflation increases drastically or if the INR value depreciates against other currencies then gold price will rise.
Economic Uncertainty: Economic ups and downs, financial crises tends to drive investors towards moving in safe assets like gold. Unexpected or Prolonged tensions we are facing nowadays are wards or trade fluctuations may also push gold rate to increases its prices.
Policies of Central Bank: Low interest rates will weaken currencies and increase gold rate. If central banks are in major economies then gold will see subsequent gains.
Supply and Demand Changes: Gold supply is stable but its demand may fluctuate due to consumer preferences investment demand and various technological uses. Increase in demand specifically in countries like China will push prices higher.
Exchange on currency rates: Gold is priced in US dollars globally and fluctuate in USD/INR exchange rate directly affect gold prices in India and this will weaken rupee against dollar which will make gold rate increases in rupee terms.
Is there any possibility on Gold increase to Rs 10,000 Per Gram?
- Past decade states the originality, gold rates in India have increased due various factors like global market trend, inflation and currency depreciation.
- Rs 10,000 per gram is higher than current levels and its not impossible we say that due some impactors and unfavorable days on gold will be seen over the next few years predicted by the financial experts.
Conclusion
Gold will subsequently reach Rs 10,000 per gram where this would require combination on significant currency depreciation, high inflation and economic uncertainty. Its necessary to keep an eye on domestic and global trends as well as central bank policies to note the trends in gold rates.
