New Delhi: Buying gold in the country has become more expensive now. There has been a tremendous jump in the prices of gold. This is the first time gold prices are rising in fear of some disease. Coronavirus spread from China is negatively impacting the market. Gold in India has reached its highest level of seven years due to increase in demand for gold in the international market.
Gold prices are on the upswing in the international market due to the potential damage caused by the coronavirus. Investors in the stock markets of America, England and France are investing in gold, given the effect of the coronavirus. Its direct effect is also visible in India. In futures trading, gold has become expensive by Rs 927 today. Its price has increased by 2.17 percent. The price of 10 grams of gold has reached Rs 43,593.
Experts say that the condition of markets in Europe is also poor. The Frankfurt stock market has broken up by 3.7 per cent, London by three and a half per cent, Madrid by 3.3 per cent and Paris by 3.8 per cent. Brent crude oil prices fell by 4.1 percent, while New York's West Texas Intermediate (WTI) fell by 4 percent. In contrast, the price of gold in London bullion market reached $ 1,689.31 an ounce. Such a high level of gold was seen earlier in January 2013.
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