New Delhi: If you want to buy gold, hurry up. Actually once again the price of gold has started increasing. According to experts, in the face of the rising havoc of Corona, there may be a significant increase in the price of gold in the country. Currently gold is trading around Rs 47000 per 10 grams and silver around Rs 70 thousand per kg.
Experts say that at this time gold is also getting expensive because people are investing in safe investment options in view of the increasing cases of corona. Gold is considered a fairly safe investment option. That is why the brightness of gold is increasing. By the way, Sona reached its record high last year. In August 2020, it had reached Rs 56,200 per 10 grams. If compared to the all-time high price of gold, gold is now getting cheaper by Rs 9000 per 10 grams.
As for the rise in gold prices, the strengthening of the dollar against the rupee is an important reason behind it. Bullion market experts say that the rupee has dropped due to the strengthening of the dollar. Due to this, gold has become expensive in the country.
The amount invested in gold is continuously increasing. With this, gold rates are going up. Experts believe that this is a good opportunity to invest in gold. As such, gold is considered a safe investment option. So by investing here you can secure money. Talking about returns, experts believe that this year only gold can go up to 60-62 thousand rupees per 10 grams. According to this, you can get good returns from the current rate.
It is expected to increase its price in the coming days. According to experts, the price of gold in the domestic market can go up to Rs 50,000 per 10 grams in the coming days. These people say that the weakening of the rupee against the dollar, the fall in US bond yields and the rise in unemployment in the US have supported the rise in gold. Apart from this, investors are also worried about Corona’s rapid rise and are looking at gold as a better investment option.