Mumbai- The rise in gold prices ahead of the festive season has caught the attention of investors. Gold has touched Rs 119,522 per 10 grams on MCX, while silver is trading at Rs 1,47,675 per kg. US tariffs, a weak dollar and global economic uncertainty are the main reasons behind this increase. Investors are withdrawing money from the stock market and investing in safe investments, namely gold.

Experts believe that while gold prices are currently rising rapidly, they are not sustainable. A significant decline in gold prices is possible in the coming days.

JP Morgan CEO Jamie Dimon has warned that there is a bubble in gold and a fall of up to 40% in the price is possible.

ICICI Prudential and Citi Research have also predicted a decline in gold prices in the short term.
Global economic recovery and possible interest rate cut by the Federal Reserve
Weak demand and easing international tensions
Possibility of reducing US tariffs
Experts suggest that investors are advised to hold off on new investments in gold for now and maintain investments only in ETFs or gold mutual funds.
While a significant decline in gold prices is predicted, silver prices are expected to rise. According to American investor Robert Kiyosaki, silver prices could double from their current prices in the near future. Escalating tensions in the Middle East and a weak rupee could boost silver. Kiyosaki says that silver will be a prime investment asset.