Gold price to rocket sky-high! 1 gram may cost around Rs. 8200!!
Posted on: 27/Apr/2020 10:30:07 PM
Yesterday was the ‘Akshaya Trithiyai’ festival day. Generally, from a few days prior to this festival and on this day, teeming crowds would visit the gold jewelry shops throughout the state!
However, this year, all jewelry shops remain closed due to the lockdown situation which was taken as a preventive measure by the central and state governments against the spreading of the raging coronavirus pandemic. The public has been constrained to remain in the house in a panic!
Despite all this, even without any buyers, the price of gold is always on the up! Some Estimated observations mention that if this trend of rising gold price persists, the price of 1 gram gold may even shoot up to Rs. 8200!
The downtrend in the international economy persists due to the global coronavirus pandemic and the international economy has been down to worse situations! In this scenario, the trend of investing in gold through the e-gold method has been increasing! Presently, the price of 1-ounce gold is the US $ 1750. Estimates reckon that before the year-end, gold per ounce will shoot up to the US $ 3000!
An analytical report states that at this time mentioned above, the price of 10 grams of gold will be Rs. 82000!
