क्या बन गया सोने-चांदी में Bottom | Best time to Buy Gold for Marriage | 22 carat Gold rate Today

Summary

In this video, Ashish and Vinay discuss the current trends in gold and silver prices, focusing on December and early 2025 predictions. They highlight significant events, including political developments and global economic factors like the U.S. GDP and China’s manufacturing data, which could influence precious metal prices. Ashish emphasizes that while exact market bottoms are hard to predict, current prices represent favorable buying zones for both gold and silver. The video provides actionable insights for investors, with specific advice on when to buy and the possible price ranges through the end of 2024 and into 2025.

Takeaways

• 😀 Gold and silver prices have seen a recovery after significant declines, with gold reaching around $2587 and silver at $3.71 per ounce (in USD).
• 😀 The recent drop in prices has been attributed to geopolitical factors, such as developments in the Ukraine war and political shifts, including Biden’s announcement.
• 😀 Although gold and silver prices saw a sharp correction, the bottom has likely been reached, and there is a reduced chance of further significant declines.
• 😀 News and geopolitical events, such as the outcome of the Ukraine conflict and U.S. political developments, will continue to influence the market direction of gold and silver.
• 😀 Key upcoming events to watch include U.S. GDP data, China’s manufacturing data, and Federal Reserve meetings, which will likely impact both gold and silver prices.
• 😀 For December 2024, gold is expected to close around $2600–$2640 per ounce, while silver will likely be in the range of 74,000–75,000 INR per kg on the MCX.
• 😀 A potential Fed rate cut in December could lead to a sharp decline in gold and silver prices, but this could also lead to strategic buying opportunities.
• 😀 Retail investors are advised to buy gold and silver as part of a long-term investment strategy, particularly for wedding purchases or as a hedge against economic uncertainty.
• 😀 Gold and silver are currently in a buying zone, especially for wedding or investment purposes, as prices have stabilized after a correction.
• 😀 The expected upward trend in gold and silver is set to continue into 2025, with prices potentially rising further as geopolitical tensions ease and economic conditions stabilize.
• 😀 For those waiting for further price drops, it’s recommended to buy now if possible, as prices may not fall significantly lower, and the market will likely recover by 2025.

Q & A

What factors are affecting the price of gold and silver, as discussed in the transcript?

The price of gold and silver is influenced by various factors, including geopolitical developments, economic news, and market reactions to global events. Specific factors mentioned in the transcript include the US government's policy decisions, the Ukraine conflict, and the potential impacts of the Biden administration's stance on global conflicts.

What is the current trend in the gold market according to the discussion?

The gold market has seen a recovery after significant declines. It was noted that gold had dropped to record lows but has since bounced back. Despite this recovery, the discussion suggests that it is still in a 'buying zone,' meaning it's a good time for investors to consider purchasing gold.

What was the lowest point for gold and silver mentioned in the discussion?

Gold reached a low point around $73,000, and silver dropped to around ₹87,000 to ₹100,000 levels, as per the information shared in the discussion.

Is it possible to exactly catch the bottom of the market for gold and silver?

No, exactly catching the bottom of the market is not possible. The transcript mentions that while it's challenging to predict the exact lowest point, both gold and silver are considered to be in a buying zone at the moment, providing opportunities for investment.

What geopolitical event was mentioned as having an impact on gold prices?

The geopolitical event mentioned was the permission given by the UK government for Ukraine to strike Russia with large-range missiles. This event caused a surge in gold prices as tensions in the region escalated.

What are the key events to watch for that could impact gold and silver prices in the near future?

Key events to watch include the announcement of the US GDP numbers on November 27, 2024, China's manufacturing data on November 29, 2024, and the Fed's decision on interest rates by mid-December. These events could influence the price direction of gold and silver.

What role does the Federal Reserve's policy play in shaping gold and silver prices?

The Federal Reserve's policy decisions, particularly regarding interest rates, are critical in determining the price of gold and silver. If the Fed cuts rates or keeps them unchanged, it could have significant impacts on the precious metals market. A potential rate cut could cause a sharp decline in gold and silver prices.

What is the recommended strategy for investors looking to buy gold and silver?

The recommended strategy for investors is to buy in stages, considering current levels as attractive entry points for both gold and silver. For those looking to invest for the long term, buying gold and silver at current prices, especially with the geopolitical risks in mind, is advised.

What levels should investors watch for when considering a purchase of silver?

For silver, the key levels to watch are ₹87,000 and ₹85,000. These are considered attractive levels for purchasing, with ₹87,000 being an immediate buying point for physical silver investments.

How should investors handle the emotional impact of price drops in gold and silver?

Investors should not panic when prices drop, as these fluctuations are natural in the market. The discussion highlights the importance of staying focused on long-term investment goals and understanding that market corrections provide buying opportunities rather than signals to sell.