New Delhi: Gold has reached a record high in the domestic and international markets amid the Corona epidemic. In the domestic market, 24 carat gold has set a new record of Rs 48,300 per 10 grams. In this age of Corona crisis, investors are considering gold as the safest means of investment.
According to the India Bullion and Jewelers Association website (ibjarates.com), 24-carat gold has set a new record of Rs 48,300 per 10 grams. The price of 23-carat gold has also increased by Rs 645 to Rs 48107 per ten grams. The price of 22-carat gold has now risen by Rs 593 to Rs 44243 and 18-carat to Rs 36,225 per 10 grams. Silver has also increased by Rs 966 per kg.
According to the news agency Reuters, gold rose 0.5% to $ 1751.63 an ounce in the international spot market. Prior to this, gold attained a record high on 18 May. Similarly, gold reached a record level of $ 1,764.50 an ounce in the US futures market. The Indo-China tension and the Hong Kong climate have also had an impact on international commodity markets. As the crisis in the world is increasing, gold has shed its shine. With the increase in price, the scope of investment in gold is increasing. Due to Corona crisis, investment in gold is being seen as a safe option.
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