The bullish gold prices at imminent festive!
Gold price target of over US$ 4,800 by the 2030 end! +28.1%, is the impressive performance of gold in the first 9 months of the year in US dollars & +42.3% is the even more impressive year-on-year performance as of the end of September. Ronnie Stoeferle, Precious metal analyst, Switzerland casted 5 Reasons in the favour, why the gold rally is not over yet! He said, 1: Adjusted for inflation, gold is not yet at its all-time high, 2: Demand for gold remains high, 3: Interest rate cuts boost the gold price, 4: Demand from private and professional investors remains very low & 5: Geopolitical tensions remain high. In the row of the gold rally is not over yet, Colin Shah, MD, Kama Jewelry said, gold at near all-time high! He said, “Gold prices touched a new high of over Rs. 78,000/10 gm in the domestic market. The bullishness in gold prices is largely driven by the robust festive demand from jewelers and traders ahead of Dhanteras and Diwali. India is