Goldman Sachs has predicted that the price of an ounce of gold will reach $3,000 by December 2025. The main reason behind this estimate is the increased interest of central banks in gold.
Wedding season is going on in India at this time. There is a buzz in the gold and silver market. Apart from this, if we leave aside the dates of November 18, 19, then before that there has been a continuous decline in the prices of gold for several days. Due to this also people showed interest in buying gold. But, now there is bad news for those who buy jewelery. According to the report of Goldman Sachs, a big rise in gold prices can be seen.
What did Goldman Sachs say
Regarding gold prices, Goldman Sachs says that gold can reach record levels next year due to the purchases of central banks and the cut in US interest rates. Goldman Sachs has included gold in the top commodity trades for 2025.
Gold will reach 3 thousand dollars
Goldman Sachs has predicted that the price of one ounce of gold will reach $ 3,000 by December 2025. The main reason behind this estimate is the increased interest of central banks in gold. However, this year too gold did not become much cheaper. If we leave aside the fall in the last few days, then the price of gold has risen throughout the year.
Gold will increase due to trade tension
Goldman Sachs says that the Trump administration can also support gold prices. Apart from this, due to increasing trade tension and increasing concerns about the US financial situation, gold prices may also increase. Currently, the price of spot gold is around $ 2,589 per ounce, which is still less than $ 2,790 last month.
What is the price of gold today
Talking about Noida, gold has become expensive today. On November 19, where the price of one gram of 22 carat gold in Noida was Rs 7,095, it has increased to Rs 7,165 today i.e. on November 20. On the other hand, if we talk about 24 carat gold, today the price of one gram of 24 carat gold in Noida is Rs 7,523. Whereas, on November 19, the price of one gram 24 carat gold in Noida was Rs 7,450.
