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
good thing that i bought SGB in december 2023. Prices are up by more than 15% since then. Bought it at 6149/gram.
Chinese started accumulating gold instead of USDs. They must have predicted something in the near future...
What's the best time to buy gold then. Need to buy before December this year. Any sign of drop within year?