Tere is big update regarding Gold Price. Gold prices continue to fluctuate. Today i.e. on December 9, there has been a slight increase in its prices. According to the Indian Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by Rs 93 to Rs 76,280. While silver has softened. Its price has come down by Rs 420 to Rs 90,400 per kg.
This is how prices are affected
Those who invest in gold want news of the rise in its prices. At the same time, those who want to invest want news related to the falling price of gold. At the moment, both types of news are coming out. Gold is directly related to the activities going on at the domestic and international level. Whenever news of Iran-Israel, Russia-Ukraine conflicts comes out, gold prices take wings. The dispute between these countries has not yet been resolved and in the meantime big news has come out from Saria.
Syria Tension
Syrian rebel groups now control the Syrian capital Damascus and President Bashar al-Assad and his family have fled the country. It is believed that the situation there may be worse. Syria has long been burning in the fire of civil war. The US, Israel, Iran, Russia and Turkey have also been connected to this country in some way or the other. In such a situation, the coup will affect not only the Middle East but also the US-Russia. Due to this, the demand for gold may increase and its prices may run fast again.
A news affecting gold prices has also come from China. China’s central bank ‘People’s Bank of China’ (PBOC) has started buying gold again. China had put a brake on gold purchases for a few months. Now his decision to buy gold again may lead to a rise in the prices of this yellow metal. Significantly, in the first 6 months of this year, when neighboring China was making tremendous purchases of gold, at that time the price of gold suddenly increased. Such an atmosphere can be created again.
How much will it cost?
At the same time, economist Anand Srinivasan feels that there will be some softening in gold prices. They have predicted gold price fluctuations till March 2025. They feel that gold can go down to around Rs 2500 overall. However, Srinivasan also said that existing investors need not worry as gold may touch Rs 1 lakh per 10 grams in the future.
