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News Topical, Digital Desk : Gold prices are expected to continue rising and the prices can now reach a new level. According to Colin Shah, Managing Director of Kama Jewelry, gold prices are continuously rising due to the ongoing uncertainty around the world and concerns about tariffs and in the coming one year, the price of gold in the international market can reach $ 4000 per ounce. That is, according to Shah's estimate, gold can touch a new record level and a further increase of more than 15 percent from the current levels is possible. If gold also moves in the direction of this estimate in the domestic market, then the prices can cross Rs 1.10 lakh per 10 grams.
Signs positive in platinum too Not just gold, Shah is also positive about platinum and believes that the prices of natural diamonds will also go up again after the decline in 2024. He said that the year 2025 is going to be much better than 2024, especially in the case of luxury and natural diamonds. He also added that due to the shortage of diamonds of certain sizes and quality, their prices may increase by Diwali. Shah also said that platinum has made a strong place for itself in India, especially its demand has increased rapidly in men's jewellery. He said that the trend of men's jewellery is increasing rapidly all over the world, and in India this category is now mostly platinum.
Volumes may remain low Talking about the future, Shah said that due to high prices, sales volumes may be less than last year this year, but sales will increase in terms of value. He said that we are expecting a growth of 5-10% in terms of value. At this time when gold is at a five-week high, silver is near a 14-year high, and the US Federal Reserve is expected to cut interest rates in September, investors' interest in precious metals is continuously increasing. Shah believes that this trend will continue till the festive and wedding season, and retailers and manufacturers are now more optimistic about the demand than before.
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