The first six months of the year were turbulent for investors. During this period, gold became cheaper by about 20% and silver by 43% from the record levels of January 29. Meanwhile, the Sensex recorded a decline of 11% and Nifty fell by 8.6%. The strong dollar and signals from the US Federal Reserve not to cut interest rates put pressure on gold and silver. On the other hand, the stock market remained under pressure due to the US-Iran war. 2 reasons for the decline in gold and Sensex: 12% surge possible in gold in next 6 months, small cap and midcap will remain profitable Ajay Kedia, Director of Kedia Advisory, says that in the short term, gold could fall by another 2% to 5% due to ETF outflows and volatility. However, by the end of the year, it is expected to rise by 12% to 15%. G. Chokkalingam, Founder of Equinomics Research Pvt. Ltd., says that in the next six months, smallcap and midcap stocks could outperform largecap stocks like Sensex and Nifty. According to Sudeep Shah of SBI Securities, Nifty is currently in consolidation. The level of 23,73023,700 will be important support. Foreign investors will take time to return Keep These 2 Things in Mind When Buying Gold from Jewellers 4 Ways to Identify Real Silver Magnet Test: Real silver does not stick to a magnet. If it sticks, it’s fake. Ice Test: Place ice on silver. Ice melts quickly on real silver. Smell Test: Real silver has no odor. Fake has a copper-like smell. Cloth Test: Rub silver with a white cloth. If a black mark appears, it’s real. Post navigation Key financial changes from 1 July you must know:From LPG to petrol diesel prices – here’s what can impact your pocket Sensex rises 500 points to 76,900 level:Nifty up 150 points; heavy buying in auto and media shares
