Gold Price in India has crossed its record level. On Tuesday, the price of 24-carat gold reached Rs 61,430. There is a record rise in the price of gold amidst speculations of a banking crisis and recession in America and Europe. In the last two days, a record jump of up to Rs 2800 has been seen in the gold price in Delhi’s bullion market.
Due to this the record boom came
According to gold trading experts, the reason for such a huge jump in gold prices is the banking crisis in America and other countries as well as the weakening dollar. All these reasons have created an atmosphere of uncertainty in the market. This is the reason why the stock market is falling and gold has benefited from it. For this reason, in the last week, gold has reached 61 thousand rupees from 56 thousand per 10 grams.
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What can be the price of gold next?
Experts believe that such uncertainty may remain in the international market for a few days to come. For this reason, this increase in the price of gold may continue in the coming days. At the same time, many experts say that gold can cross Rs 62,000 per tola (24 carats) next month. Let us tell you that in the last 17 years, the price of gold has increased 6 times. In 2006, its price was Rs 10,000 per 10 grams.
