New Delhi. Only a few days are left and the festival season is going to start after Pitru Paksha. In such a situation, gold is also seen increasing its shine before the festive season. The price of gold in India has exceeded Rs 76 thousand per 10 grams. There has been a jump in the price of gold in the international market as well. In this way, the price of gold has made a new record. Finance Minister Nirmala Sitharaman had reduced the import duty on gold in the budget. In such a situation, gold became cheaper for a few days, but now its prices are rising once again.
In America, the future price of gold has gone up to $2661.60 per ounce. At the same time, the price of spot gold has also gone up to $2683.37. At the same time, the price of 10 grams of 24 carat gold in India has reached Rs 76300. It is believed that gold will continuously set new records when Diwali and the wedding season arrive. Gold consumption is high in India on the occasion of Diwali and especially Dhanteras. Apart from this, there is also an old tradition of giving jewelry in marriage. Due to this, the price of gold rises every year. There is every possibility of the price of gold reaching Rs 78000 per 10 grams by the end of this year.
If the price of gold continues to rise like this, then in 2025 the price of 24 carat gold can be Rs 100000 per 10 grams. Gold has also given better returns to investors in the past years. The government charges only 3 percent GST on gold. Due to this also investors show enthusiasm in buying gold. According to experts, if you invest in gold, then your invested amount doubles in 6-7 years. Seeing the inclination of people towards gold, the Reserve Bank of India also brings Gold Bond through banks.
