In 2020, gold prices reached a record high of Rs 56,200 per 10 grams. So it is still 9,100 rupees less than its highest level. At the same time, silver is also less than its record level by 10,100 rupees.
Gold prices continue to fluctuate amid the economic uncertainties of the second wave of the Corona transition. Its value is increasing due to the investment of big investors in gold. But its physical demand is less. After weddings and festive season, the price of gold is still not increasing much. Today, the price of gold in MCX rose by 0.23 percent to reach 47,108 per 10 grams. At the same time, silver rose by 0.27 per cent to Rs 69,809 per kg. In August 2020, gold prices reached a record high of Rs 56,200 per 10 grams. So it is still 9,100 rupees less than its highest level. At the same time, silver is also less than its record level by 10,100 rupees.
In India, due to the second wave of Corona wave, restrictions are being imposed on lockdown and permanent level. In such a situation, there has been a risk of slowing down of economic activities. In this period of economic uncertainty, investment in gold increases. Because people consider it a safe investment. So if you want to buy gold, then there is a chance now. In the coming days, even though there may not be increasing customer demand in it. Or do not increase jewellery or retail shopping. But big investors can pour money into it. This may increase their prices.
At present, the rise in gold in the domestic market is due to the fall in the rupee against the dollar. Also, due to the rise in new cases of corona virus, investors are again turning to a safe investment option. Gold prices are being supported by this. It is expected that gold prices may increase further in the coming days. Recently, the import of gold in the country has increased. Therefore, it is being speculated that in the coming days, retail buyers can also turn to this as a safe investment. With this, a new high can be seen in gold.
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