Gold and Silver Prices Likely to Rise in the Coming Days: Sushil Kumar Jain

Gold and silver prices are expected to increase further in the coming days, driven by both global and domestic factors, according to Sushil Kumar Jain, General Secretary of the Noida Jewelers Welfare Association and President of the Sector 18 Market Association, Noida. He highlighted that gold prices have already reached record levels due to economic uncertainty and geopolitical tensions around the world.

Factors Driving the Price Increase

Sushil Kumar Jain explained that the rise in gold prices is largely influenced by international factors such as inflation, political instability, and financial crises. When global markets face uncertainty, investors tend to shift towards gold as a safe-haven asset. Additionally, the weakening of the Indian rupee against the US dollar is putting further upward pressure on gold prices in India.

“Global economic instability and inflationary concerns are causing gold prices to soar. Until there is clarity on these issues, we can expect further price increases,” said Jain.

How Long Will the Rise Last?

Jain believes that gold prices may continue to rise as long as global economic uncertainty persists. He pointed out that the monetary policies of central banks, particularly regarding interest rates, will play a crucial role in determining the future trajectory of gold prices. However, if ongoing global conflicts and geopolitical tensions ease, there is a possibility that gold prices may stabilize or even decline.

Gold as an Investment Option

From an investment perspective, Jain emphasized that gold remains a safe bet, particularly in uncertain times when other investment options carry higher risks. “For long-term investors, gold is still a reliable option. However, those considering short-term investments should be cautious, as price fluctuations can occur,” he advised.

Good Time to Buy for Weddings and Investments

Jain also pointed out that with gold and silver prices continuously increasing, it is an ideal time to purchase jewellery, especially for those planning weddings or looking to make investments. “For families preparing for weddings or considering gold as an investment, this might be the right time to buy before prices increase further,” he suggested.

Impact on Noida Market

The rise in gold prices is expected to have a significant impact on Noida’s jewellery market. Jain noted that while rising gold prices often attract investors, they also affect jewellery purchases, particularly during the festive and wedding seasons. “When gold prices go up, people often think about investing in gold rather than buying jewellery. However, festive seasons may witness a surge in jewellery purchases despite the high prices,” he added.

Current Market Prices

As of March 20, 2025, the price of gold is approximately ₹92,000 per 10 grams, while the price of silver stands at around ₹1,03,000 per kilogram. With prices expected to rise further, experts advise consumers and investors to take informed decisions to maximize their returns in this fluctuating market.