Gold prices at historic highs; Why are gold prices increasing? Is this the right time to invest?

Gold Prices at Record High: From gold and silver to Nifty and Sensex, investors have given good returns. Sensex recently touched the mark of 75,000. At the same time, the price of gold has reached Rs 72,000 per 10 grams and silver has reached Rs 82,000 per kg.

Gold Prices

From gold to silver, Nifty and Sensex have given good returns to investors. Sensex recently touched the mark of 75,000. Meanwhile, with gold prices touching Rs 72,000 per 10 grams and silver at Rs 82,000 per kg, the most important question for investors is whether it is the right time to invest in gold.

Gold 14 percent return

Gold has given investors returns of up to 14 percent. Silver has also returned 9 percent. Whereas in the stock market, the benchmark index has returned four and a half to five percent despite reaching an all-time high.

When do gold prices increase?

Gold and silver prices increase when there is a global recession. Gold is considered to be the best option as a safe investment. So people invest in gold. When the economy booms, the price of gold falls. But gold, silver and equity markets are rising at the same time, this is an exception. Gold remains bullish when economic growth is not good. But currently the economy is good and gold and silver prices are increasing.

Is this the right time to invest in gold?

If your portfolio is between 10 to 15 percent in gold, keep it. If it is more than 15 per cent, sell some gold and make a profit and bring the portfolio to the right level, advises Gajal Jain, (Fund Manager Quantum Asset Management Company).

After the recent rally, gold prices may fall slightly. Manav Modi, (Analyst Motilal Oswal Services) advises to buy when the price drops. New investors should buy sequentially instead of buying in one lump sum. SEBI-registered investment advisor Abhishek Kumar suggests investing in gold for seven years or more.

Why are gold prices increasing?

• Tensions in West Asia and the Russia-Ukraine war have boosted demand for gold, considered a safe-haven investment.

• According to global figures, central banks bought 1,037 tonnes of gold in 2024. This was slightly lower than the record purchases of 2022. This trend is expected to continue in 2024 as well.

• This year elections will be held in many countries including America, India and European countries. Political uncertainty can destabilize the stock market and boost gold buying.

• Despite the rise in prices, demand is very high in countries like India and China.

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