00:00Recently, the price of gold had reached an all-time high of Rs. 78,450 per 10 grams.
00:08During Navratri and Diwali, gold prices are high and in this case, gold buyers, people
00:13buying jewelry for the wedding, or those who invest in gold, all wait for the price of
00:18gold to fall so that they can get a low-priced window to buy gold.
00:22Now let's tell you that if you don't want to buy gold in an emergency, then you should
00:28wait because gold can soon reach a correction of up to Rs. 5,000, i.e. gold can reach a
00:35level of Rs. 70,000.
00:36When and what are some of its details, let's know in the video.
00:40In fact, according to a report by Motilal Oswal, the prices of gold at these heights
00:45can be seen to be stable for some time, i.e. stability can come, and soon a drop of 5-7%
00:51in gold is expected, i.e. if calculated, then according to the current rate, there
00:56can be a drop of more than Rs. 5,000 in gold.
00:59It has also been said in the report that after the year 2000, 32% annual profit was not seen
01:05in gold, and this is why there is hope for a drop in gold.
01:09The report mentions many such reasons such as the upcoming US presidential election,
01:13domestic ETF, SPDR holdings, and CFTC positions, due to which the gold rate is increasing rapidly.
01:22The main reason for the spike in gold prices in the first nine months of 2024 has been
01:27the policy of the US Federal Reserve and the current political situation.
01:31The demand for the future of central banks and the possibility of the market increasing
01:35due to the festive and wedding season.
01:38In the next two years, Motilal Oswal has predicted that the prices of gold will reach up to Rs.
01:4386,000 per 10 grams.
01:45During the current festive season, strong demand is increasing at this rate.
01:49If seen in rural areas, there are signs of improvement in the demand for gold.
01:54Due to favorable monsoon and better crop harvesting, rural economic conditions can be strengthened.
02:00The interest of investors has also increased in the Indian gold ETF, especially after the
02:04recent cutoff in import duty and the drop in the ETF in the central budget, the interest
02:08of investors has increased in it.
02:10However, it is also being said in this report that this period of profit recovery and correction
02:15will not last long.
02:17Because there is no hope of a major change in the global situation soon, after a correction
02:21in the international market, there will be an increase again, which will affect the Indian
02:26market as well.
02:27You know that India buys more than 80% of its gold from the international market.
02:33And this is the reason that the drop in the international market directly impacts the
02:38Indian gold market.
02:40According to this report by Motilal Oswal, a major correction can come soon, but this
02:45correction will not last long.
02:47So in this case, if you are not in a hurry to buy gold, then wait for a small correction
02:53to come.
02:54Although the correction will not be long, but you can buy cheap gold in it.
02:59How did you find this much information in the video?
03:01Do tell by commenting.
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03:08of Good Returns.
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