According to the informed circles of the market, in the new year 2023, the price of gold per 10 grams will be Rs. 62,000, will be an all-time high. When the price of silver rose again to Rs. Will advance towards 80,000. Copper price per kg is Rs. It will move towards 850. Aluminum prices will remain high and per kg will be Rs. 260 will be. Zinc price per kg Rs. 350, and crude prices will remain relatively stable in 2023.
The global commodity market is expected to show a mixed trend in 2023 due to the IMF's revised global GDP forecast, lower inflation, halting interest rate hikes, weaker dollar and reopening of the Chinese market, and the global economy is currently in recession. This is likely to have a mixed effect on the commodities market. The factors mentioned above are expected to be beneficial for the gold-silver markets, with gold as a safe-haven asset and silver likely to attract buying from the industrial sector.
The year 2022 witnessed large fluctuations in base metal prices due to uneven global economic growth and China's limited participation in trade. The global base metal market is expected to be in deficit in 2023, a result of supply constraints from key producers.
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