Today, gold has once again crossed 47 thousand. On Thursday, gold has become costlier by Rs 343 to Rs 47,110 per 10 grams. According to the website of the Indian Bullion and Jewelers Association, silver has risen by Rs 530 to Rs 69,560 per kg. Talking about MCX, gold is trading here at around 3:30 pm at Rs 47,169. In the coming months, gold – silver can go up and up.
Ajay Kedia, director of Kedia Commodity, says that the corona in the country is continuously growing. Also, there is again an atmosphere of fear towards Corona among the people. Apart from this, inflation has also started increasing in the country. With this, the price of gold will increase in the coming days. If such an atmosphere prevails, then gold can reach 60 thousand rupees by the next 5 to 6 months i.e., Diwali.
In the international market too, the price of gold has started increasing rapidly. Gold is priced at US $ 1,793 an ounce. It may reach $ 1,850 in the coming times. It once fell below the $ 1,720 per ounce level.
In April itself, gold has become costlier by 2,601 and reached 46,791. It was at Rs 44,190 as on 31 March. At the same time, silver has also become expensive by Rs 4,938 in April. Now on March 31, when the market was closed, silver was at Rs 62,862 per kg, which has now reached Rs 67,800. In view of the increasing outbreak of Corona in the country, experts expect gold to gain further momentum.
On March 5, gold came to Rs 43,887 per 10 grams. According to experts, the demand has started increasing as the wedding season draws to a close. Earlier gold rose to 56,200 in the first wave of Corona. But the price started coming down as the vaccine was introduced. But now once again the price of gold has started increasing.
When inflation increases, the value of the currency decreases. At that time people keep the rupee as gold. In this way, gold is used to reduce its effect when inflation is prolonged for a long time. According to the RBI, if the second wave of corona in the country is uncontrollable, then long-term restrictions on movement will continue. This will affect the supply chain. Inflation may increase if this happens. In such a situation, they also indicate the rise in the price of gold.
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