Sunday, February 28, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
No Result
View All Result
Home Money

18% gold broken in 6 months, expert said – investment opportunity; 6000/10 gram can be beneficial in 6 months

Business News by Business News
February 20, 2021
in Money
0
Gold Prices Outlook
583
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Gold Prices Outlook: Gold has fallen 18 percent from record highs.

Gold Prices Outlook: There is pressure on gold this year. Gold is still weak on MCX and has slipped below 46000 rupees per 10 grams. Gold is trading close to its 8-month low. Gold has fallen 18 percent from record highs. In August last year, gold reached its record high near 56726. That is, it has fallen by Rs 10500 per 10 grams or 18 per cent during 6 months. Expert says that such a big fall in gold has brought good investment opportunity. There are many factors that can guide the price of gold further. From the current price, at least 6000 rupees per 10 grams is showing up in the next 6 months. Expert has given a target of Rs 52500 for 6 months.

Why is gold falling?

  • US Treasury Yield is seeing a boom and it has reached its 11-month high.
  • With the reduction of coronavirus cases worldwide, economic recovery is being seen.
  • Due to the COVID 19 vaccination, there is an upward trend in the equity market.
  • There is talk of another huge relief package in the US. This is giving support to equity.
  • The US dollar has strengthened in the past.
  • Gold demand fell 28 per cent year-on-year to 783.4t in the December quarter, the weakest since the second quarter of 2008.

Gold: Gold became cheaper and 10 grams price came down to 46 thousand

Why is gold seen fast?

Expert says that the current decline seems to be a good opportunity to buy gold. One is gold is running at a discount of 10 thousand and this price has become attractive. At the same time, high valuations of the stock market, new variants of COVID 19, factors like liquidity will drive gold prices.

  • Equity markets around the world have been booming since the lockdown ended. Several major indexes are close to their record highs. They have increased by 20 to 50 per cent in the last few months. In such a situation, the valuation of equity markets is now looking expensive. On the other hand, new types of coronavirus cases are coming up in some countries including Europe. There is a fear of another wave of coronavirus. This factor is in favor of gold.
  • The dollar index slipped below 90 on 31 December 2020 due to political instability in the US. It will take time now for the economy to become fully normal in the US. In such a situation, there can be pressure on the dollar right now. It is positive for gold.
  • Gold plays a big role in the central bank’s reserve management. In the year 2020, the purchase of gold by central banks has decreased by 60 percent on an annual basis. But from the December quarter, it is seeing a boom. Central banks around the world are indicating to buy gold. Gold will be supported by this.
  • The 10-year bond yields have increased, but the Central Bank of most countries has taken measures to stop the upside movement in it. In such a situation, the bond yields may be limited further.

Gold: Gold becomes cheaper and silver prices also fall below 68 thousand

How much will gold be expensive?

If we talk about 6 months ahead, gold can be expensive by Rs 6000 per 10 grams from the current level. During this time, gold can reach the level of Rs. 52500/10 gram. Talking about the next 2 months, gold is supported at $ 1783 an ounce. If a bounce comes above this level, then gold can go from 1856 to $ 1885 per ounce. On MCX, it can touch the level of Rs 49200. However, if the support level is broken, the weakness of gold up to Rs 45500 can also be seen in the next 2 months.

(Note: This information is based on the Kedia Advisory report and information from Nisha Bhat, Founder and CEO of Millwood Cane International.)

Gold-Silver Investment Strategy: Gold, Silver cheaper from record high to Rs 8000, how to earn profits in next 10 to 15 days

You might also like

Bond Yield, from GDP to Air Strike; These 5 reasons caused a major drop in the stock market in 2021

SSY: This post office scheme is getting the highest interest, benefit of tax rebate too

How to open bank account for children below 18 years? Which documents will be required

Tags: covid 19 new straindollarequity market valuationgold outlookGold pricesgold prices outlookinflationinvest in goldshould you invest in goldtreasury yieldwhy experts seen rally in gold
Business News

Business News

We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.

Related Posts

Stock Market Crash Today
Money

Bond Yield, from GDP to Air Strike; These 5 reasons caused a major drop in the stock market in 2021

by Business News
February 26, 2021
SSY: This post office scheme is getting the highest interest, benefit of tax rebate too
Schemes

SSY: This post office scheme is getting the highest interest, benefit of tax rebate too

by Nisha Chawla
February 26, 2021
how to open bank account for minors and kids of age less than 18 years know eligibility documents and all details
Investments

How to open bank account for children below 18 years? Which documents will be required

by Nisha Chawla
February 25, 2021
SBI and Shapoorji Pallonji Real Estate sign MoU to offer seamless home buying experience
Investments

Partnership between SBI and Shapoorji Pallonji Real Estate, Home Buyers Will Get Big Benefits

by Nisha Chawla
February 25, 2021
know stewise AADHAR Update History when first created to how many times updated stepwise deatil and link mobile number to aadhar uidai
Investments

AADHAAR Update History: When did Aadhaar update, see like this; Stepwise complete process

by Nisha Chawla
February 25, 2021

Recommended

Maruti Suzuki exports over 2 million cars More than 14 models being sent to 100 countries

Maruti Suzuki has touched the milestone of exporting 2 million cars, 14 models are exported to more than 100 countries

February 27, 2021
Kerala Pinarayi Vijayan govt declares online rummy illegal amends Gaming Act directed by kerla high court on film director plea

Online Rummy Banned: Kerala banned online rummy, High court sent notice to Virat Kohli and actress Tamanna

February 27, 2021
SBI Ecowrap Report forcasts 8 percent decline in gdp in fy21 and growth in agriculture sector

SBI Ecowrap Report: GDP to fall by 8% in FY21; growth in agriculture other than agriculture

February 27, 2021

Don't miss it

  • All
  • Startups
  • Share Market
  • Entrepreneur
Maruti Suzuki exports over 2 million cars More than 14 models being sent to 100 countries
Automotive

Maruti Suzuki has touched the milestone of exporting 2 million cars, 14 models are exported to more than 100 countries

February 27, 2021
Kerala Pinarayi Vijayan govt declares online rummy illegal amends Gaming Act directed by kerla high court on film director plea
India

Online Rummy Banned: Kerala banned online rummy, High court sent notice to Virat Kohli and actress Tamanna

February 27, 2021
SBI Ecowrap Report forcasts 8 percent decline in gdp in fy21 and growth in agriculture sector
Industries

SBI Ecowrap Report: GDP to fall by 8% in FY21; growth in agriculture other than agriculture

February 27, 2021
Covid19 vaccination Phase 2 know here id proof required to get vaccinated and private hospital charge per dose and how to registered
India

Covid19 Vaccination Phase 2: These documents are necessary to get Corona vaccine, registration will be done in three ways

February 27, 2021
Covid Vaccination Phase 2 Centre mulls allowing private hospitals to charge Rs 100 per dose
India

Covid Vaccination Phase 2: A dose of corona vaccine in a private hospital for Rs 100! The central government is considering for the second phase

February 27, 2021
Countdown begins for PSLV-C51 Amazonia-1 mission and isro started one more mission to launch gsat 1 know here the details amazon deforestation
India

Countdown start of PSLV’s 53rd mission, will keep an eye on Amazon jungles

February 27, 2021
cOVID 19 UPDATES Home Secretary Ajay Bhalla writes to all states and UTs TO extend COVID19 guidelines till March 31st
India

Covid 19 Updates: Corona Guidelines to be applicable till 31 March, Union Home Secretary writes letter to states

February 27, 2021
Chandrasekhar Azad
Top Stories

Burned all their pictures so that the British do not know how they look

February 27, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

Nureca IPO

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

Recent News

Maruti Suzuki exports over 2 million cars More than 14 models being sent to 100 countries

Maruti Suzuki has touched the milestone of exporting 2 million cars, 14 models are exported to more than 100 countries

February 27, 2021
Kerala Pinarayi Vijayan govt declares online rummy illegal amends Gaming Act directed by kerla high court on film director plea

Online Rummy Banned: Kerala banned online rummy, High court sent notice to Virat Kohli and actress Tamanna

February 27, 2021
SBI Ecowrap Report forcasts 8 percent decline in gdp in fy21 and growth in agriculture sector

SBI Ecowrap Report: GDP to fall by 8% in FY21; growth in agriculture other than agriculture

February 27, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • Larest News
  • World
  • Share Market
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Real Estate
  • Contact Us
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.