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Why gold prices are increasing ?

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Deal Subedar
just_talk
why gold prices are increasing ?
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Community Angel Community Angel
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good thing that i bought SGB in december 2023. Prices are up by more than 15% since then. Bought it at 6149/gram.

Deal Cadet Deal Cadet
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Chinese started accumulating gold instead of USDs. They must have predicted something in the near future...

Commentator Commentator
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What's the best time to buy gold then. Need to buy before December this year. Any sign of drop within year?

Benevolent Benevolent
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@bornsmart best time to buy was yesterday. next best time to buy is today.
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Deal Subedar Deal Subedar
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https://www.moneycontrol.com/news/business/mark...

Now the question is will this rally continue, if it does where does it stop.

There are some absurd targets of 9-10k by end of the year.

There are many factors that will support gold price in the upward direction, interest rate cut across the globe, Central banks of various countries buying gold, war like situations, human greed, FOMO, etc

Commentator Commentator
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What's the best time to buy gold then. Need to buy before December this year. Any sign of drop within year?

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Tech Guru Tech Guru
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Sabka time ata hai. That's why. 🙂 

Community Angel Community Angel
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Asian paints is available to buy?

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Deal Cadet Deal Cadet
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girls & aunties love 2 things i.e. oyo & gold.

Hunk Hunk
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I knew gold. But Oyo?

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Deal Subedar Deal Subedar
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Because people keep @just_talk ing about it smile 

Community Angel Community Angel
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good thing that i bought SGB in december 2023. Prices are up by more than 15% since then. Bought it at 6149/gram.

Deal Hunter Deal Hunter
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Also silver is at highest in 3 year. 

Helpful Helpful
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marriage season.once over will go down

Deal Lieutenant Deal Lieutenant
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No guarantee for money deposit in Banks . Insured only upto 5 Lakh .

Deal Cadet Deal Cadet
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Chinese started accumulating gold instead of USDs. They must have predicted something in the near future...

Patron Patron
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They are trying to Control Indian & USA Elections & also disrupt market at the same time.

Deal Brigadier Deal Brigadier
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aaj shaam ko CPI data h it may crash or upside is limited now.

Deal Lieutenant Deal Lieutenant
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...I am still bullish on gold and bitcoin...

...chinese gold etf up 30% intraday 2 days back...unheard off....LIC buying gold..

..people expecting gold to drop to 50k levels are those who still dream of nifty going back to 7500 or 9000 levels...

...

Deal Subedar Deal Subedar
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bit coin shot up in the last 6 months, furthermore possible?


I understand this is part of moving away from the dollar, same with gold as well.

However, I feel cryptocurrency is much more manipulated than gold.


cryptocurrency is not for the weak-hearted, so I have been away and will continue to remain away for the foreseeable future. I may miss out on a handsome return but I will be happy with not losing my sleep smile

Generous Generous
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Deva re deva aisa sukh.. crypto se nikla kar gold me daal aur yaha bhi pump ho raha.. bech du kya fir niche jayeha hi kuchh buy kar lenge..

Deal Lieutenant Deal Lieutenant
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@jainashish85

...yes more upside coming....

..bitcoin etf itself says its going to be a stable concept...
..1 more halving coming in bitcoin this month after every halving it spikes....
....i guess 1 lakh is coming in nxt 2 years...

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