new Delhi. In the new year i.e. 2022, gold can be great for investors in terms of returns. Experts are predicting that gold prices may go above the level of Rs 52,000 per 10 grams in 2022 on the back of fear of pandemic, inflation concerns, ongoing tensions between Russia Ukraine and strong US dollar. In the second half of 2021, a lot of weakness was registered in the yellow metal.
Apart from this, after the epidemic, there is a sharp jump in inflation in many countries of the world. In the coming time, gold can show a rise in both the global and domestic market. The price on MCX can show a level of 52,400 in the next 2 months.
Gold once again gained momentum
In the Indian bullion market today i.e. on February 18, once again there was a strong fall in the price of gold. However, even after this, the price of gold remained above Rs 50,000. On the Multi Commodity Exchange (MCX), the price of gold for delivery in April today is at the level of Rs 50,210 per 10 grams.
Know what experts say
Ajay Kedia, director of Kedia Commodity, says that due to the ongoing geopolitical tension in the Russia-Ukraine dispute, the demand for gold is being seen for safe investment. At the same time, due to the aftershock of Corona epidemic, there is a sharp jump in inflation in many parts of the world.
On Comex, gold is reaching the level of $ 1,900 an ounce. Comex Gold Price has gained 3.6 percent on a yearly basis. Earlier in 2020, gold had set a record high of more than $ 2,100 an ounce.
The impact of real bond yields will be visible
HDFC Securities Senior Analyst (Commodities) Tapan Patel said gold may still see some upside due to rise in real bond yields. Talking about the long term trend, it has some resistance at $1,970 in 2022, he said. At the same time, in the year 2022, we expect it to go up to Rs 51,800.
Tags: gold, gold business, Gold ETF, Gold price
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