New Delhi. Gold has made people cry these days. The price of this precious metal is creating new records every day. The price of 24 carat i.e. pure gold has reached a record high of Rs 73400 per 10 grams. Whereas, in March, 24 carat gold was around Rs 65000 per 10 grams. Now such a report has come, which may increase the concern of the common people. The report is that there are less chances of the price of gold falling in the coming days. The report says that the price of gold may increase further.
American newspaper Wall Street Journal has published big news regarding the price of gold, citing the report of research firm Citi. Research firm Citi has estimated that the price of pure gold in the international market could reach $ 3000 per ounce. According to Citi, this increase in the price of gold can happen in 6 to 18 months. If what is said in the Citi report is true, then the price of gold in the Indian market can reach Rs 1 lakh per 10 grams. Citi report says that the price of gold in the international market has increased for 16 consecutive days in the last 19 days. The price of gold has increased by 15 percent. This increase is likely to go up to 25 percent.
If we look at the international market, on Tuesday the price of 24 carat gold was $ 2371.40 per ounce. Citi report says that the rate cut and treasury rally of the US Federal Reserve is likely to push the price of gold to $ 3000 an ounce. Talking about India, the price of gold has increased by 16 percent in the last 3 months. The highest increase has been seen in the last 1.5 months. Due to situations like Russia-Ukraine war, Israel’s action on Hamas and recent war between Iran and Israel, the price of gold does not seem to be decreasing. Not only this, China has bought 12 tonnes of gold recently. Whereas, Reserve Bank of India i.e. RBI has also purchased 8 tonnes of gold. Buying of gold by countries also affects its price increase.