00:00Sir, gold is at its all-time highs. We have seen gold go above $2,660 per ounce. We have also seen a 5% increase in silver.
00:10So, Manoj ji, how are you seeing these moves that we have seen in gold and silver?
00:15Bhawana ji, we have been discussing gold and silver on your shows for a long time and we have always told investors that gold and silver are in a structural bull run.
00:27We have seen that higher highs in gold and silver have been made in the international market.
00:34If we talk about gold, it has given more than 40% returns in the international market, which is a record.
00:41In the Indian markets, we have seen more than 30% returns.
00:46We have seen a big duty cut in the union budget, yet we have seen gold reaching record highs in the Indian markets.
00:57This week, we saw gold reaching the 76,000 mark for the first time.
01:01If we talk about silver, we have seen it reach the 94,000 mark.
01:08We have also seen gold reaching the 12-year high in the international market.
01:13There are 2-3 major reasons for the increase in gold and silver prices.
01:18First, we have seen that post-COVID, global central banks have been buying in gold.
01:23The main reason for this is that after COVID, global central banks have been reducing their dollar reserves and the gold buying has been increasing.
01:35Second, we have seen geopolitical tensions heightening.
01:39After Russia and Ukraine, we have seen tensions in the Middle East increasing.
01:45Third, we have seen global central banks increasing their interest rates.
01:56In this month, the US Fed has cut the rate of 50 basis points.
02:01All these fundamental factors have been seen to be positive for gold and silver prices.
02:07We have also seen that gold prices are at a lifetime high in the international market and silver prices are also at a 12-year high.
02:18Manoj, we have seen the movements.
02:22What are the calculations?
02:23How far can the prices go?
02:25As you mentioned, the month of September is at an all-time high.
02:31What are the expectations of the buyers at these levels?
02:35What do you think about the bull run of gold?
02:37Will it continue in this financial year?
02:42The momentum will continue for the next 2-3 years in gold and silver.
02:50The long-term investors have been asked to continue investing in SIP.
02:58This is going to continue for a long time.
03:02The world is moving towards de-dollarization.
03:06We are also seeing that the cycle is going to continue for 1-1.5 years.
03:14We believe that this momentum will continue for the next 2-3 years in gold and silver.
03:19The long-term investors should continue investing in SIP.
03:23We have seen a good run-up in gold and silver prices for the short-term investors.
03:30If we talk about gold, the dips will be around Rs. 74,000-73,500.
03:37This will be a better level for fresh buying.
03:40If we talk about silver, the dips will be around Rs. 90,000.
03:44This will be a better level for fresh buying for the short-term investors.
03:49The short-term investors should wait for the dips.
03:52The long-term investors should invest in SIP.
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