Business: There is a possibility of a sharp rise in gold prices. In such a situation, international banker Goldman Sachs has advised investors to buy gold. Analysts at Goldman Sachs have released a report titled Go For Gold. According to this report, a cut in interest rates by the Federal Reserve is now certain, in such a situation, a large amount of capital from western countries may turn to the gold market. 

According to a Reuters report, Goldman Sachs said in its Go for Gold report, investment in gold is seen as the biggest hedge in times of risk, so gold prices may see a jump in the near term. Goldman Sachs analysts said, interest rate cuts by the US Central Bank Federal Reserve seem certain, so a large amount of Western capital may come into the gold market, which was not seen during the rise in gold prices in the last two years.     

On Tuesday, gold prices in the international market again crossed $2500 per ounce in view of the possibility of interest rate cuts in the Fed Reserve meeting to be held on September 17-18. On August 20, prices had reached $2531.60 per ounce. Spot gold prices have seen a jump of 21 percent in the year 2024. Goldman Sachs has predicted that gold prices in the international market will reach $2700 per ounce by early 2025. 

In India too, brokerage house Motilal Oswal has advised investors to invest in gold on every fall. According to the brokerage house, gold can go up to Rs 76000 per 10 grams. According to the report, the reduction in interest rates in the monetary policy will increase the shine of gold. Due to the reduction in interest rates and global tensions, the price of gold may remain high.