Gold prices have reached a record high and there is still a possibility of it rising further. The way gold has jumped in the last few days, if the same performance continues in the future, then gold can soon cross the figure of one lakh.

Gold has returned to its previous form in the IPL season. After playing defensively for a few days, gold is hitting rapid shots. The wedding season is starting in India from 14 April, so the shine of gold is expected to increase further. This means that gold may become more expensive. The demand for gold increases during the wedding season, and when the demand increases, it is natural for the prices to rise.

What is the price right now?

The price of gold has crossed the figure of 95 thousand per 10 grams. According to Good Returns, 10 grams of 24 carat gold is available at a price of Rs 95,410. In recent days, gold has jumped by more than Rs 2000 in a day. If this performance continues, then gold can soon cross the figure of 1 lakh. Since gold becomes relatively expensive due to increased demand during the wedding season, the thing about 1 lakh may also prove to be true.

bullish confidence

However, experts have different opinions about gold touching the Rs 1 lakh mark. Some believe that the global uncertainty arising from central banks' gold purchases and Trump's tariffs is supporting gold prices. In such a situation, if the US Federal Reserve cuts interest rates twice this year, then gold can cross the Rs 1 lakh mark. Let us tell you that the US central bank did not cut interest rates in the last meeting, but it had indicated that there could be two cuts this year.

fear of decline

On the other hand, some commodity experts believe that the current rise in gold prices is temporary and it can go down by 30-40%. According to Morningstar market strategist John Mills, gold prices may fall in the next few years. Gold may fall to $ 1,820 an ounce, a decline of about 38-40% from the current $ 3,080 an ounce. According to this, gold prices in India may fall by about Rs 40,000.

What should investors do?

The present time is full of uncertainty, so it cannot be said with certainty that whose predictions about gold will prove to be correct. Gold can cross the one lakh mark and can also fall below its record high. In such a situation, investors should be cautious. Experts say that a little profit booking at the current level would be a good strategy. Investors who already have a good amount of gold can earn profit by selling some part of it and can buy it on further decline.