00:00What do you think, if we talk about the next quarter 1,
00:04can gold achieve the level of $2750 per ounce?
00:09Absolutely. We believe that by the end of this year,
00:12we will be in the $2750-$2800 international market.
00:15And if we talk about December 2025,
00:18then we can see an interest of up to $3,000 in the international market.
00:22If we talk about the Indian markets,
00:24then by the end of this year, we will see prices going up to $77,000.
00:30And if we talk about the end of this year,
00:34then we can see prices going up to $80,000-$82,000.
00:38So, there is a good chance of growth in the long term.
00:42And if there are any falls or corrections,
00:44then it should be seen as an investment opportunity.
00:47If you see any correction for any reason,
00:50then it can be a buying opportunity for you.
00:53Sir, if we talk about silver,
00:55what will be your outlook on silver these days?
00:57Can we expect a bullish run on silver in comparison to gold?
01:03Absolutely. We believe that in the coming time,
01:05silver will be outperforming gold.
01:09The main reason behind this is that
01:11silver being an industrial metal,
01:13its brightness has increased here.
01:15And as we can see,
01:17the stimulus that China has started,
01:19we have seen a rate cut of 50 basis points in RRR this week.
01:23Along with that, we can see that
01:25the gradual stimulus they are giving to stabilize the economy.
01:29So, as the Chinese economy stabilizes,
01:31we will see an increase in industrial demand.
01:33So, we believe that in the next 1-1.5 years,
01:35silver will be outperforming gold.
01:39So, if we talk about the price in that condition,
01:41then in the Indian markets,
01:43by the end of this year,
01:45by the end of 2020,
01:47we can see prices going up to 1 lakh.
01:49If we talk about dollar terms,
01:51then in the international market,
01:53we can see 34.5 dollars by the end of this year.
01:57If we talk about the end of 2025,
01:59then we can see prices going up to 40 dollars in the international market.
02:05And in the Indian markets,
02:07there is a possibility of prices going up to 1.25 lakhs.
02:09We can see this trend here.
02:13So, we can see silver outperforming gold in the next 1-1.5 years.
02:17So, silver can outperform,
02:19but according to the Indian market,
02:21if we look at it,
02:23and specifically, I would like to know your opinion,
02:25then between gold and silver,
02:27which one would you pick?
02:29You have told us the targets,
02:31but which one would you pick?
02:33If someone wants to make a portfolio
02:35for the next 1.5 years,
02:37then the ratio here is
02:3960% of silver and 40% of gold.
02:41Because silver can outperform gold in the next 1-1.5 years.
02:45So, in your portfolio,
02:4760% of silver and 40% of gold.
02:53And in your overall portfolio,
02:55the allocation of precious metals,
02:57you should keep at least 15% at this time.
03:01If you invest in real estate, bonds, FDR, mutual funds,
03:07or in the share market,
03:09in that case,
03:11diversifying your portfolio,
03:13you should keep at least 15% in precious metals.
03:17Absolutely.
03:19If we talk about the portfolio of gold and silver,
03:21then you can keep a ratio of 60-40,
03:23which should have 60% silver.
03:25And if we talk about your overall portfolio,
03:27then you should give 15% to both these metals.
03:31Sir, you have also given targets for 2024.
03:33You have also talked about the end of 2025.
03:37But if we talk specifically,
03:39because people are focusing on the festive and wedding season.
03:45So, what is the best time for you
03:47if someone wants to buy for this season,
03:51for gold and silver?
03:53Absolutely.
03:55As we have said before,
03:57this is a structural bull run.
03:59And it will continue for a long time.
04:01And we have seen a good run-up in this month.
04:03So, there is a possibility of a correction here.
04:05In terms of prices,
04:07if there is a fall of Rs. 1,000 to Rs. 1,500 in gold,
04:09then you should definitely buy here.
04:11Similarly, if there is a fall of Rs. 2,000 to Rs. 2,500 in silver,
04:15then you should definitely buy.
04:17There is a possibility of better returns in the long term.
04:21Now, in terms of the level,
04:23there is no big deal in the volatility of 2-3% in gold and silver.
04:27So, there is nothing to be afraid of.
04:29Investors in the long term should keep investing in SIP.
04:33Investors who want to invest in the short term,
04:35should wait here for a while.
04:37Whatever correction comes in 1-2 weeks,
04:39can be invested there.
04:41Absolutely.
04:43Sir, for the end of 2024,
04:45the target you have given for gold
04:47is around Rs. 77,000.
04:49If we talk about October,
04:51for October in particular,
04:53what targets would you like to give to gold and silver?
04:55In October, we believe that
04:57gold can have an upper range of Rs. 76,000
04:59being a festive season.
05:01A good run-up has come here.
05:03A consolidation can be seen in October
05:05between Rs. 73,000 to Rs. 76,000.
05:07If we talk about silver,
05:09the upper range here can be of Rs. 97,000.
05:11A consolidation can be seen in the range
05:13between Rs. 90,000 to Rs. 97,000.
05:15A circle can be created here.
05:17The upper range is of Rs. 97,000 for silver
05:19and Rs. 76,000 for gold.
05:31you
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