Mumbai Who is not ready to buy gold, but the way gold prices are rising in the market at present, it is definitely going to put a burden on the pockets of many people. Apart from Sahalag, the festive season is also coming. In such a situation, a record increase is being seen in the prices of gold. The price of gold is at a historic high. The price of 10 grams of gold has crossed Rs 67000 in the bullion market. Even in the international market, gold is being sold at $2172 per ounce. That means this price is also historical. For this reason, India’s bullion market is also seeing a boom. According to experts, by the end of this year the price of 10 grams of gold may cross Rs 70,000.
According to bullion market experts, the price of gold has increased significantly in the last 18 days. In the fourth week of February, the price of 10 grams of gold was Rs 62000. Since then the price of gold has increased by Rs 5000. Gold in Delhi is Rs 66410 per 10 grams. At the same time, the price of gold in Chennai has crossed Rs 67000 per 10 grams. It is being told that central banks all over the world are buying gold. Due to this purchase, demand has increased and due to increase in demand, the price of gold is skyrocketing. Sahalag and upcoming festivals are also the reason for the increase in the price of gold in the domestic market.
In the international situation of currency and stock market due to Ukraine-Russia and Hamas-Israel conflict, people are placing more emphasis on buying gold. There is also news that America’s Federal Reserve may cut interest rates. If this happens, the value of the dollar will fall and as a result gold will become more expensive. At present, gold has become so expensive that people must be struggling to buy it.