Gold Rate: Famous American economist and investment strategist Ed Yardeni has made a significant prediction about gold prices. According to him, there is a possibility of a significant leap in gold prices by the end of the current decade. He stated that by 2029, the price of gold in the international market could directly reach $10,000 per ounce.
Currently, the global market price of gold is around $4,400 per ounce. If the price reaches $10,000 in the next few years, this increase will be more than 125 percent. This means the price of gold could nearly double and a half.
Considering the Indian market, the current price of gold on MCX is around 135,000 rupees. If the increase follows the international rate, the domestic market price of gold could exceed 300,000 rupees by 2029. Recently, gold reached a record high on the COMEX exchange in New York.
Today's Gold and Silver Rates
There is a significant increase in the prices of gold and silver in the bullion market currently. The price of silver has increased by more than 7,000 rupees, and the price of gold has also recorded an increase of nearly 1,800 rupees. Including GST, the price of one kilogram of silver has reached approximately 2.13 lakh rupees.
The price of 24-carat gold, including GST, has become approximately 1.37 lakh rupees per tola. So far this year, there has been a substantial increase in the price of gold, and a record increase in the price of silver has also been observed. The price of 22-carat gold has also increased, surpassing 1.22 lakh rupees, and including tax, its price has become approximately 1.26 lakh rupees.