What Experts Say About Gold Price

Abhishek bansal founder and chairman of abans group expects gold prices to remain sideways in the range of 30 800 31 600 in short to medium term.

What experts say about gold price. Economy that would improve further and that a sustained price increase that could be driven by higher inflation rates would be potentially several years away. Gold prices in the country continue to hover near their all time highs with mcx futures scaling a record high of rs 49 348 per 10 grams this week. Sovereign gold bonds 2020 21 scheme.

Minor weakness can be seen as indian rupee. Yellow metal holds above rs 49 100 experts say buy on dips experts are of the view that investors can buy any dip towards rs 49 000 for a target of rs 49 400 per 10 gm. Investors would be well advised to allocate 20 to 25 of their portfolios in gold based on current economic conditions.

The predicted gold price in six month was lowered from us 1 600 to us 1 490 and the estimated gold price in 12 months was reduced to us 1 390 from us 1 550. With the gradual lifting of lockdown world. Gold always considered a safe.

Savers buying into gold in 2021 should hold the investment over a longer time horizon to get the desired levels of returns as the pace of vaccination expected to begin early next year gathers momentum and dims the allure of the safe haven metal in the short run hence asset allocation to gold could decline in the new year as wealthy individuals are disappointed with prices. Marc faber gloom boom and doom report gold has performed well especially as a currency against the u s. Here s what experts say.

Goldman sachs assumes that gold price is accelerating its price decline due to an u s.