Business Desk, New Delhi. On Tuesday, 22 April, the price of gold has reached 1 lakh rupees. Currently at 11.03 am, the price of 24 carat gold is Rs. 98,753. So far, the price of 24 carat gold has made a record high by reaching Rs. 99,012 per 10 grams.
If seen with tax or 3% GST, the price of gold has reached Rs 1 lakh.
Yesterday, i.e. on 21st April, the price of 24 carat gold on MCX was around Rs 96,000 per 10 grams. Since yesterday, the price of gold on MCX has increased by about Rs 2000 per 10 grams.
On April 21, 24 carat gold made a record high by reaching Rs 96,726 per 10 grams.
According to a PTI report, since December 31 last year, the price of 24 carat gold has reached Rs 20,850 per 10 grams. Which means that it has increased by about 26 percent.
Will the price further increase?
Gold prices have seen an increase in the last few days. The reason for this is the growing global concerns. US President Donald Trump has put a stop on the tariffs for now. But he has not announced to end it completely. Along with this, the growing trade war between China and America has further increased the threat to the world economy. Due to which investors are nervous.
Whenever there is any impact on the world economy or global concerns increase, at such times investors turn to safe investments like gold. This is the reason why the prices of gold are continuously increasing.
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