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Gold Price: Rising inflation and economic uncertainty across the world and in the country are being cited as the reasons for the increase in gold prices. Due to this, people are busy purchasing gold even at higher prices.
For the last few days, fluctuations have been seen in the prices of gold. Meanwhile, the wedding season has started, due to which common people are finding it difficult to buy jewellery. In such a situation, if you buy gold worth Rs 5 lakh now, do you know what its price could be by 2030?
Gold prices have been attracting investors for the last few years. If we talk about the last four to five years, the price of gold has reached around Rs 1.50 lakh. Apart from this, the price of gold is still increasing continuously. Today the price of 22 carat gold has decreased by Rs 110 per gram to Rs 11,520 and per tola by Rs 880 to Rs 92,160.
Similarly, the price of 18 carat gold has decreased by Rs 90 per gram to Rs 9,610 and per tola by Rs 720 to Rs 76,880. The price of silver has also decreased by Re 1 per gram to Rs 171 and per kg to Rs 1,71,000.
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The changing global and domestic situation has attracted investors towards gold. The biggest question is that if we invest today, how much profit can we get from gold in the next four to five years? According to this, if you buy gold worth Rs 5 lakh today, how much profit can you get by 2030.
Rising inflation and global and domestic economic uncertainty are being considered the reasons for the increase in gold prices. If we look from 2000 to 2025, the compound annual growth rate (CAGR) has been 14 percent. In these 25 years, gold prices have been declining only in three years, i.e. 2013, 2015 and 2021.
In 2000, the price of 24 carat gold was Rs 4,400 for 10 grams, which has now reached Rs 1.25 lakh. If we look at the prices of gold from 2000 to 2025, there has been an average increase of 25 to 35 percent every year. Therefore, gold is expected to yield good profits in the coming years also. In such a situation, if you buy gold worth Rs 5 lakh at today’s price, you can get double the profit.
Apart from this, if gold prices continue to rise like this, it may reach Rs 2,50,000 by 2030, it has been said in many reports. At the same time, according to some reports, the price of 10 grams of gold can reach Rs 7,00,000 to Rs 7,50,000.
