New Delhi: This is the best time ever for investment in gold, as its demand as safe property is increasing continuously. This is the reason that the price of gold has also reached a high level. Now, the Reserve Bank of India (RBI) has also announced to increase the LTV i.e. the loan-to-value ratio from 75 per cent to 85 per cent, while reversing the rules of gold loan. In easy language, you can understand this in such a way that by pledging gold worth Rs 2.5 lakh, you can now take a loan of up to 85 % instead of 75 percent.
Significantly, since 2022, Central Banks from all over the world are also engaged in increasing their gold reserve. Gold ETFS is also being invested. The demand for gold has increased considerably than the supply, in this situation the price of gold has to increase. The price of gold has increased from $ 1,500 to $ 3400 in October 2022 today.
In the last 2 years 8 months, gold has given a great return of up to 125 percent. The price of gold has increased by more than 50 % in the last one year. In the last 10 years, gold has given a return of about 180 percent. Now the biggest question is whether the same rise in gold prices will continue?
On April 22, 2025, the price of gold has reached a record high level of $ 3,500 an ounce. Will this rise in gold prices continue even further? Goldman Sachs estimates that the demand of the central bank will take gold prices to a new record height in a long time.
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Goldman also estimates that by the end of 2025, the price of gold will increase to $ 3,700 per troy ounce and if there is a slowdown in the US it will be $ 3,880 per troy ounce. Goldman estimates that by the end of 2025, gold could reach $ 4,500 an ounce. JP Morgan has also forecast gold to reach $ 4000 an ounce by next year due to the apprehension of rising inflation due to American tariffs and the US-China trade war. City Research also increased the price target of gold from $ 3,200 to $ 3,500 an ounce, which has now been achieved.
