सोने की कीमतों में उछाल: इस विशेषज्ञ का मानना है कि 2030 तक कीमतें ₹1.68 लाख प्रति 10 ग्राम तक बढ़ सकती हैं।

Gold prices surge: This expert believes that prices may rise to ₹1.68 lakh per 10 grams by 2030.

Gold has experienced a notable uptick in its value recently, with the precious metal surging by over 13% in the first quarter of 2024, affirming its status as one of the top-performing asset classes. Looking ahead, industry analysts are optimistic about gold's prospects.

During a recent interview with CNBC Awaaz, Mahendra Luniya, Chairman of Vighnaharta Gold, forecasted that gold prices could reach ₹1.68 lakh per 10 grams by 2030.

The rise in gold prices can be attributed to a combination of factors, including geopolitical tensions and global economic slowdowns.

Factors such as central bank acquisitions, inflationary pressures, heightened retail demand, increased interest in Exchange-Traded Funds (ETFs), stagnant gold mining production since 2016, and the effects of de-dollarisation have all played a role in driving up the value of gold.

This raises the question: where should investors allocate their funds?

Experts advise against waiting for a price correction, as the volatile nature of the market offers no guarantees of a downturn.

Instead, they recommend taking a strategic approach that leverages gold's intrinsic characteristics.

Gold serves as a reliable hedge against inflation and provides diversification within investment portfolios.

Therefore, experts suggest that investors carefully assess their portfolios and consider allocating a portion, typically around 10% or less, to gold.

In this context, Sovereign Gold Bonds (SGBs) emerge as an appealing option.

These bonds offer a sense of security amid market uncertainties and facilitate portfolio diversification.

Given the promising outlook for gold prices, experts recommend that purchasing gold is a prudent move for the next 4-5 years.

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