Gold prices, which are constantly making new records, can reach the level of $ 4,500 an ounce in the international market by the end of this year due to trade war. This current price is about 38 percent more than $ 3,247 an ounce. This claim is made by Goldman Sash. At the same time, commodity experts say that the price of gold in the domestic market according to the global level can reach Rs 1.30 lakh per 10 grams by the end of this year.
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Goldman Sash has increased the target of gold price this year for the third time. Earlier, the target was increased to $ 3,300 an ounce. The foreign firm said, gold can increase to $ 3,700 an ounce by the end of 2025 in normal condition. If the risk increases due to the deepening of the trade war between the US and China, the precious metal can touch the level of $ 4,500 an ounce. Gold prices witnessed a rise of 6.5 per cent last week, the best weekly performance after Kovid-19.
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, Goldman Sash said, “The demand for recession in the US economy has increased the demand for gold due to increasing tariff war between the US-China.
, Apart from individual investors, demand for valuable metal is also increasing from institutions and central banks, which has resorted to prices.
, The risk of recession, increase in interest rates of bonds and concern for financial instability is attracting investors towards gold.
, The first quarter of this year made the highest investment in the Gold based Exchange Traded Fund (ETF) since 2020.
, The central banks are buying more gold in an attempt to reduce their dependence on dollars.
Chopped diamond exports at a low of two decades
The export of cut and carved diamonds from the country declined to a low of two decades in the last financial year 2024-25. The industry body said, there has been a major decline in exports due to decrease in demand in the US and China. According to the Ratna-jewelery export enhancement council (GJEPC), the export of cut and cut diamonds during the last financial year fell 16.8 per cent to $ 13.3 billion. Due to this, gemstone-jewelery exports also declined by 11.7 per cent to $ 28.5 billion, which is a low of four years. ,,,,,,
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