What Will Gold Prices Do In 2024. Currently, gold is trading above $2,250 per ounce, already. In march, the spot price hit a record $2,160 per ounce price.
“the direction of travel is still higher over the coming quarters, forecasting an average price of. However, a weak rupee and expectations of jewellery demand would offer downside support and hence it may preserve its positive outlook in the coming year as well.
Duties On Gold And Silver Have Been Slashed From 15% To 6%, While The Duty On Platinum Has Been Adjusted To 6.4%.
Goldman sachs analysts initially expected the price of gold to remain stable in the period between 2023 and 2026, at around $1,970 an ounce.
The Recent Union Budget 2024 Brought Significant Changes To Gold Trading By Reducing Customs Duty On Gold From 10% To 6%, Leading To A Decrease In Gold Prices.
Currently, gold is trading above $2,250 per ounce, already.
What Will Gold Prices Do In 2024 Images References :
Goldman Sachs Analysts Initially Expected The Price Of Gold To Remain Stable In The Period Between 2023 And 2026, At Around $1,970 An Ounce.
At the end of july 2352, change 0.6%.
However, A Weak Rupee And Expectations Of Jewellery Demand Would Offer Downside Support And Hence It May Preserve Its Positive Outlook In The Coming Year As Well.
The world bank, one of the key players among central banks and a global financial institution offering loans and grants to developing nations for various projects, predicts an average gold price of $1,700 per ounce in 2024, a drop from $1,900 per ounce in 2023.