Business Samachar

volatility in yellow metal prices will continue Posted by NILESH WAGHELA Mumbai: Gold prices have been on an upward trajectory during 2023 and this momentum is expected to continue in 2024, as per Mr. Colin Shah, MD, Kama Jewelry on Perspective of ‘Gold Outlook for 2024’ He said, Internationally, the volatility of the yellow metal prices will continue and will be triggered by various factors including the on-going geo-political scenario, strengthening of USD against INR and a pessimistic approach towards the growth of global economy.  He added further, that domestically, the demand for the yellow metal is expected to outgrow and is expected to touch the 70k mark on a domestic level.  This rally will be driven by robust demand in the domestic market owing to the rising income levels and the inclination towards yellow metal. On the global level, we expect the prices to hover in the range of USD 1850-2050, he asserted.  He believes that, Irrespective of the price movement, t...

What analyst says on Investment in Gold  Posted by: Shivam kumar Mumbai: Gold prices have been given strong returns since 2019. Prices were at 31000rs per 10grms which have now touched 60000rs giving nearly 100% returns in the last 4yrs, which accounts to compounding of 25% which is far beyond par levels of 15% in major asset classes.  It has also been surpassing major volatile events like trade war since 2019, covid19, Russia Ukraine war, such geopolitical tensions have given a lot more infusion into Gold prices rising higher.  Currently we are in financial banking crises after SVB Credit Suisse alike which will continue to support Gold strongly this year in 2023. Investors should definitely keep strong allocation to Gold. Any hike in line with 25 basis point or lower along with non visible or hawkish speech will be strongly positive for Gold and levels of 2040-2050 in Comex and 61500 odd will be seen in coming days. On the flip side any higher hike than 25 basis with ha...