2024 Gold Forecast: When you buy, gold is a good thing to do. In the past, the bright gold was used to protect against inflation. SahiBandhu Gold Loans says that because of high demand, gold prices will go up even more in 2024. According to experts, the Indian gold market should do well in 2024. However, rising interest rates and new rules may make gold loans less appealing.
The Future of Gold in 2024
Head of Marketing at SahiBandhu Gold Loans, Mehak Srivastava, said this about the outlook for gold in 2024: “The yellow metal did well and has gained over 12% this year.” Due to high demand for valuable metals, experts and researchers in the field think that gold prices will go up even more. The biggest gold loan aggregator site, SahiBandhu Gold Loan, thinks that the continued rise in the price of gold per gram in 2024 will lead to a big rise in the demand for loans against gold.
Gold and silver prices Today December 26, 2023: Check prices in your city
Veer Mishra, founder of Plus, said that prices will go up and the loan market will be strong in 2024.
“Gold prices are about to go up and could reach all-time highs.” A falling rupee and high demand during the holiday season are the main factors. On MCX, prices should be between ₹57,000 and ₹67,000 per 10 grams, but Veer Mishra warned that prices could change quickly because of factors in the UK and around the world.
But keep in mind that interest rates could go up, which could make gold loans less appealing. In general, 2024 looks good for India’s gold story. He also said that prices would be very high and the loan market would be very busy.
10% to 15% of your total portfolio should be put into gold.
Gold helps you spread out your investments and keep them from going up and down too much. Money experts say that each person should have gold investments making up about 10 to 15 percent of their total investments.
You can invest in gold in a number of different ways, such as through real gold, digital gold, gold ETFs, gold savings accounts, and Sovereign Gold Bonds (SGBs).
