The gold price in the country rose to a record level, due to an increase in the global market, and now the question has been raised for investors: What will be the future of Gold?
The price of gold in the country has reached a record level. Gold in the local market has reached 470,862 rupees per Tola, while gold rates in the global market have reached 4485 dollars per ounce, which is expected to increase further.
Investors and the general public are anxious to know whether the price of gold will continue to rise or fall. In this regard, Gregerson, founder of Silver Bullion, a precious metals dealer and storage provider, expressed his views.
According to Gregerson, given the uncertain situation in the global economy, many investors, banks, and wealthy families are considering gold as a safe investment. He said that most of his customers hold gold for a long time, with the majority holding it for four years or more.
Gregerson added that gold prices can decline at some point, but given the current economic conditions, he believes that the upward trend in gold prices is expected to continue for at least the next five years. According to experts, investing in gold remains a safe and future-proof option for investors, especially as uncertainty in the global market continues to grow.
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