Experts Predict Gold Prices Could Rise Sharply by 2027
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Experts say gold prices may go up a lot by 2027.
They think the price could rise by 20% to 40%.
This news came out around Dhanteras, a festival time.
Many people in India buy gold on Dhanteras.
People often ask if gold will reach Rs 1.5 lakh.
This is about the price for a certain amount of gold.
Experts also looked at gold prices from the last 10 years.
Gold prices have grown a lot during this time.
People check prices for different types of gold.
These types include 24k, 22k, 20k, and 18k gold.
Stores like Malabar Gold sell gold jewellery.
People watch these prices before buying jewellery.
Gold is seen as a safe way to keep money.
Many people buy gold during Indian festivals.
Experts give predictions to help buyers plan.
Vocabulary15 words
- experts
- people who know a lot about one subject
- surge
- to increase very fast
- Dhanteras
- an Indian festival when people buy gold
- festival
- a special day people celebrate
- predict
- to say what will happen in the future
- price
- how much money something costs
- jewellery
- things like rings or necklaces made from metal
- 24k
- a very pure type of gold
- 22k
- a slightly less pure type of gold
- lakh
- an Indian number meaning 100,000
- wealth
- money or valuable things a person has
- grown
- become bigger over time
- buyers
- people who buy things
- analysts
- people who study information carefully
- safe
- not risky; not dangerous
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Quiz
Answer key
1. 20-40% 2. Dhanteras 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Experts say gold prices may go up a lot by _____.
They think the price could rise by 20% to _____.
This news came out around _____, a festival time.
Many people in India buy gold on _____.
People often ask if gold will reach Rs _____ lakh.
Experts also looked at gold prices from the last _____ years.
People check prices for different types of _____.
These types include 24k, 22k, 20k, and _____ gold.
Stores like Malabar Gold sell gold _____.
Gold is seen as a safe way to keep _____.
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