Will gold really be cheaper by Rs 56000, when will this price come, how can such a big fall come, know the reason

Will gold really be cheaper by Rs 56000, when will this price come, how can such a big fall come, know the reason Newspoint | 08/04/2025 20:39:21

Will Gold Price Fall Rs 56000 Level: It is being claimed in many reports that the price of gold can come down to the level of Rs 56000. Let us tell you what can be the reason behind this big fall.

Gold prices have reached the highest level all over the world including India. Meanwhile, there are also reports that now a sharp fall in gold prices can be seen. It is even being claimed that the price of gold can come down to the level of Rs 56000. Let us tell you why and how gold prices can fall so much and what will be the reason for this fall. At present, the price of gold in India is trading around Rs 90,000 per 10 grams.

Gold will cost Rs 56000 per tola, who made this claim?

According to ET report, according to US-based Morningstar analysts, gold prices may fall by 38% in the next few years. In such a situation, a possible fall of about 40% can lead to gold prices in India reaching Rs 55,000 per 10 grams. John Mills has given some important reasons behind this big fall in the price of gold.

Increase in supply: Surplus supply can be one reason for the fall in the price of gold. Because, mining profit reached $ 950 an ounce in the second quarter of 2024. Apart from this, global reserves have increased by 9% to 2,16,265 tonnes.

Decrease in demand: While the supply of gold has increased, the demand has decreased. In fact, central banks around the world are expected to slow down the pace of acquisition. At the same time, according to a survey by the World Gold Council, 71% of central banks are planning to reduce their gold reserves or maintain the status quo.

Gold price at peak level: Mergers and acquisitions in the gold sector increased by 32% in 2024, indicating a peak level in terms of price in the market.

Bank of America expects increase

However, some important financial institutions like Bank of America have predicted the price of gold to reach $ 3,500 an ounce in the next two years. On the other hand, Goldman Sachs believes that gold prices are expected to reach $ 3,300 an ounce by the end of this year. In such a situation, the rate of gold in the Indian market can reach Rs 1 lakh per gram.