Geopolitical Chintaayein Kam Hui, Gold Ko Mila Sahara
Sabse pehle toh, West Asia mein tensions kam hone ke jo signs mile na, usne sabse zyada help ki. U.S. aur Iran ke beech situation thodi normalize hone lagi, jisse investors ko relief mila. Is wajeh se gold prices jo pehle gir rahe the, woh reverse ho gaye. India mein, 24-carat gold ka price ₹144,310 per 10 grams tak pahunch gaya, jo pehle se ₹5,120 zyada hai. Dollar ke weak hone se bhi gold ko global level pe support mila.
India Mein Gold Khareedna Kyun Hai Mehenga?
Lekin yahaan ek interesting baat hai – India mein gold Dubai se kaafi mehenga hai. Jaha India mein price ₹144,310 hai, wahi Dubai mein ye ₹137,682 ke aas paas hai. Matlab, Indians ko ₹6,629 yaan 4.81% extra pay karna pad raha hai! Iska reason hai India ka import duty, jo 6% Basic Customs Duty + 1% cess hai, aur upar se 3% GST on purchase aur 5% GST on making charges. Dubai mein tax nahi hai toh waha 5-6% ka advantage milta hai. Pehle India mein ye duty 15% thi, jise kam karke 6% kiya gaya tha.
Fed Rates Ki Vajah Se Kahan Ruk Gai Rally?
Ab baat karte hain U.S. Federal Reserve ki. Bhai, woh rates ko abhi bhi high rakh rahe hain. March 2026 tak, target range 3.5% se 3.75% hai. Aur lagta hai iss saal sirf ek hi rate cut hoga. Jab rates high hote hain, toh gold jaisa asset jisme koi interest nahi milta, woh investors ko kam attractive lagta hai. Aur U.S. mein inflation bhi 2% ke target se upar, 2.7% rehne ka forecast hai, matlab rates high hi rahenge.
Rupee Ka Girna Aur Inflation Ka Pressure
Iske alawa, apna Indian Rupee bhi gir raha hai. 2026 mein ab tak 4% aur pichle saal mein 9.50% depreciated ho gaya hai, ab 93.8650 INR/USD ke aas paas trade kar raha hai. Jab Rupee girta hai, toh imported gold aur mehenga ho jata hai. Aur India mein inflation bhi badh rahi hai, CPI forecast 4.6% for 2026 aur 5.1% FY2026/27 ke liye hai. Agar aisa chalta raha toh RBI ko rates badhane pad sakte hain currency aur inflation ko control karne ke liye, jisse domestic gold prices par aur pressure aayega.
Analysts Kya Bol Rahe Hain?
Toh experts kya keh rahe hain? Zyadatar analyst bol rahe hain ki prices abhi ek range mein hi rahenge. Jigar Trivedi from IndusInd Securities ka kehna hai ki MCX Gold April futures ₹141,000 per 10 grams tak ja sakta hai. Badi banks ne toh long-term target $6,000–$6,200 per ounce tak diya hai late 2026 ke liye, central bank buying aur geopolitical fragmentation ko dhyan mein rakhte hue. Par short term mein bada jump expect karna mushkil hai. Waisey, India mein Gold ETFs mein kaafi paisa aa raha hai, Nippon India ETF Gold BeES toh globally 6th position par hai. So, buy karne se pehle domestic prices, currency aur international trends ko dhyan se dekho.