The price of gold may increase by Rs 10,000 in the next two years, due to the Russo-Ukraine war, the price will be on fire

According to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.

Gold prices may touch Rs 55,000 mark this year.

Russia ,Russia, Ukraine’s President Vladimir Putin today (Ukraine) Military action has been announced in Thereafter gold prices in the near future (Gold Prices) A significant increase is expected in As reported by Business TodayGlobal economy with tensions between Russia and Ukraine (economy) Due to the slowdown in the market and high inflation, there can be a huge increase in the prices of gold. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year. MCX Gold prices had risen by Rs 1,400 to Rs 51,750 per 10 grams in the early trade today.

According to the report, Kunal Shah, Head of Commodities Research at Nirmal Bang said that the outlook for gold remains very good for two reasons. There is a geopolitical event, which can become a full-fledged war between Russia, European and NATO countries. Apart from this, now there will be an economic slowdown and the difficulty of inflation will be seen all over the world.

Worldwide inflation will increase

He further said that then, he does not think that the central bank can now increase the interest rate and this will see inflation again increasing worldwide.

Shah said he expects gold prices to rise sharply and it may touch Rs 54,000 to Rs 55,000 this year. According to him, the prices may reach Rs 60,000 to Rs 62,000 during the next year. He said that on an average, he expects gold prices to rise by at least Rs 10,000 in the next two years.

Let us tell you that on Thursday, the price of gold has risen by Rs 1,656 to Rs 51,627 per ten grams in the Delhi bullion market. HDFC Securities gave this information. Due to this, gold had closed at Rs 49,971 per 10 grams in the previous trading session. The price of silver has also reached Rs 66,267 per kg with a strong jump of Rs 2,350. Silver had closed at Rs 63,917 per kg in the previous trading session. After Russia announced the launch of military operation in Ukraine, the rupee on Thursday fell 102 paise to 75.63 against the dollar.

read this also: Gold became costlier by more than Rs 1,600 in a day amid Russia-Ukraine war, silver prices jumped by Rs 2,350

read this also: Russia Ukraine will increase tension, inflation, wheat, soybean prices reach record level in foreign markets

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