Gold Price: The prices of gold and silver are rising rapidly. Currently, buying gold or silver is draining the pockets of common people. The price of gold has already crossed Rs 96,000. However, experts believe that in the coming days, this price could exceed one and a half lakh. Yes, you heard it right. To know more details, keep an eye on today’s article.

Currently, the price of gold is $3,247 per ounce. In this way, prices can increase by about 38 percent. Goldman Sachs has made this estimate in view of the US-China trade war and fears of recession. On April 12, the price of gold in the Delhi bullion market jumped by Rs 6,250 to a record level of Rs 96,450 per 10 grams.

Record prices may rise by the end of the year

Goldman Sachs says that if the situation worsens, gold prices can reach $4,500 an ounce by the end of 2025. Apart from this, it also says that even in normal conditions, gold prices can rise to $3,700 an ounce by the end of 2025. Goldman Sachs has changed the gold target for the end of 2025 for the third time.

Earlier, this foreign bank had set the target for gold price at $3,300 per ounce. The foreign firm says that due to the increasing trade war between the US and China, concerns about the US economy have increased. Therefore, the demand for gold has increased to avoid recession.

Prices increased by 6.5 percent last week

Last week, gold prices rose by 6.5 percent. This was the best weekly performance of gold since Corona. This is due to the increasing instability globally due to President Donald Trump’s reciprocal tariffs. This is supporting gold prices. Market experts say that the threat of recession, rising bond yields and concerns about financial instability are attracting investors towards gold. Bond yield means the interest received on bonds. When bond yield increases, it means that investors are getting more profit on investing in bonds.

Central banks are also increasing the demand for gold

Not only individual investors, but central banks are also increasing the demand for gold. This is supporting the prices. In the first quarter of this year, there has been the highest investment in gold-based exchange-traded funds (ETFs) since 2020.