New Delhi: Damage may be seen due to Coronavirus epidemic in the country. But in the time of this crisis, the prices of gold kept with you can increase strength. If we look at history too, when the financial crisis deepens in the country and the world, gold becomes the first and safe choice for investment. According to market experts, in the near future, gold in India can go beyond the level of Rs 50,000 per 10 grams.
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National Secretary of the India Bullion Bullion and Jewelers Association, Surendra Mehta, says that in the next few days, the price of gold in India can cross Rs 50,000 and it can reach the level of Rs 52,000 per 10 grams. He further said that gold becomes the partner of the calamity and when the economic data declines, the confidence of investors will increase.
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Bullion traders are looking forward to curbing the coronavirus havoc in the country, as they will be able to prepare for the Akshaya Tritiya after the lockdown ends on April 14. Akshaya Tritiya is considered auspicious for shopping for gold in India, and every year on this day people buy a lot of jewellery. This time, Akshaya Tritiya is on 26 April.
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