New Delhi: Gold Prediction: This time is good for those investing on gold (Gold) because its demand is increasing continuously as a safe property. Due to this, prices have also reached the record high level. Now, the Reserve Bank of India has also decided to increase the LTV i.e. LTV i.e. the loan-to-value ratio from 75 to 85 percent, making a big change in the rules of Loan. That is, if you are taking a loan in lieu of this by pledging gold up to Rs 2.5 lakh, then you will now get a loan of up to 85 % instead of 75 percent.
Since 2022, central banks from all over the world are also busy in increasing their gold reserve. Investment is also being made in gold ETFs. Gold demand has increased more than supply, so prices will increase. The price of gold has increased from $ 1,500 to $ 3400 in October 2022 today. That is, in the last 2 years 8 months, gold has given great returns of up to 125 percent. In the last one year, the price of gold has increased by more than 50 %. In the last 10 years, gold has given a return of about 180 %.
