Another factor is that the inflation figures released recently by the US are lower than expected. In such a situation, there is speculation that the Federal Reserve may cut interest rates.
Gold Price: Amid heavy tensions in the Middle East, the price of gold has jumped tremendously. Its price crossed Rs 1 lakh a day earlier i.e. on Friday. In the national capital Delhi, gold was trading at Rs 1,01,540 per 10 grams with a huge jump of about Rs 2200. In such a situation, many people must be wondering that when gold has crossed Rs 1 lakh at this time, then what will be its price after one year.
In fact, on 22 April, for the first time, gold crossed the historic price of Rs 1 lakh. After that, this is the second time when gold has crossed Rs 1 lakh. In such a situation, the global turmoil in its wildly rising prices is being considered a big factor. First the Trump tariff created a stir in the international market. Here, Ukraine war, Israel Hamas war and now Israel's attack on Iran.
Where will the price of gold go?
Actually, one important thing in the minds of investors about gold is that it is the safest investment. Therefore, whenever there is turmoil in the market, investors turn to gold. This is the reason that whenever its demand has increased rapidly, the price of gold has reached the sky at the same pace.
Another factor is that the inflation figures released recently by the US are lower than expected. In such a situation, there is speculation that the Federal Reserve may cut interest rates. In such a situation, history is a witness that whenever the Federal Reserve cuts interest rates, it has a direct impact on the dollar. The value of the dollar weakens.
Hope to expel more in a year
It is believed that the price of gold will rise further in the international market. Regarding the 12-month rate, Bank of America believes that gold can reach around four thousand dollars per ounce. However, different estimates are being made about this. Goldman Sachs predicts that due to the massive purchases being made by central banks, gold can reach thirty-seven hundred dollars by the end of next year and four thousand dollars per ounce by June-July 2026.
