Gold and silver prices continue to fluctuate in the domestic futures market. But will gold prices rise in the coming days? Experts have predicted this much.

Gold will shine again! A sharp rise of up to 20% is possible, learn the expert's opinion.

Gold Price Prediction: Gold and silver prices continue to fluctuate in the domestic futures market. On Friday, November 14th, both precious metals experienced a significant decline. Gold futures with a December 5th expiry on the Multi-Commodity Exchange (MCX) fell by approximately ₹3,300 on Friday.

Meanwhile, silver also slipped by around ₹6,900. Investors are now wondering whether gold prices will rise or fall. According to a report published in Moneycontrol, gold prices may see a rise in the coming days.

What do market experts think?

Chetan Mehta, Chairman and MD of Laxmi Diamonds, told Moneycontrol that global central banks and investors are likely to continue buying gold in the coming days, which is likely to lead to a rise in gold prices .

Mehta said gold prices have risen 10 to 15 percent since Diwali, and he is confident they will rise even further. He predicts a 10 to 20 percent increase.

People are exchanging old gold

Chetan Mehta further explained that a unique trend is being observed in gold purchases this year. People are exchanging large quantities of old gold. Mehta stated that exchange gold accounted for approximately 40-50 percent of gold sales during the Diwali season. However, he expects this to be 20-25 percent in the current quarter.

Additionally, people are investing more in gold investments than in gold jewelry. Mehta said this could change during the wedding season. Chetna Mehta, while providing information on diamonds, said that demand for small and mid-weight diamonds remains strong. Meanwhile, solitaire sales are declining.