Gold prices reached an all-time high last week, causing concern among investors, according to jeweller Manoj Jha. He believes gold has entered a bubble zone, and investors may soon engage in profit booking, as stated by the founder of Kamakhya Jewels."Gold has hit its peak price, which is worrying investors.
Historically, in 1979-80 and 2010-11, when gold prices soared, sharp corrections followed," Jha explained, citing past data. Possible Price Drop of ₹1,000 per Gram. According to Jha, gold prices could decline by $300-400 per ounce in the coming months. One ounce is approximately 28-29 grams, translating to a potential drop of ₹1,000-1,200 per gram. Currently, the price of fine gold is slightly above ₹13,000 per gram, but Jha predicts it could fall below ₹12,000 in the near future. Redraft this to English. and give me ash tags and search tags after camas.Bata Women’s Stylish Ballerina Flats – Trendy, Comfortable
Investors Holding Higher Gold Quantities
Manoj Jha, owner of Kamakhya Jewels, noted that investors are holding more gold than usual. "Typically, gold constitutes 10-12% of an investor's portfolio. However, due to the recent price surge, this share has risen to 18-22%. As a result, investors may sell gold to lock in profits," Jha said.