Gold reaches an all-time high, all records broken so far

Jul 30 2020 05:12 PM
Gold reaches an all-time high, all records broken so far

New Delhi: Gold is constantly touching new heights. Gold has reached an all-time high of Rs 53,429 per 10 grams in the futures market on Thursday. The price of gold has increased again with the announcement of the US central bank Federal Reserve not making any changes in the interest rate and taking all measures to get the economy back on track.

It is noteworthy that due to the uncertainty of the relief package in Amerika, a slight softening of gold was seen on Wednesday. On the other hand, 24-carat gold in the spot market has risen marginally to Rs 53,350 per 10 grams as against Wednesday. There is a slight softening in silver. In the spot market, 22-carat gold is running at around Rs 51,540 per 10 grams.

The price of gold has risen due to the announcement by the US central bank Federal Reserve to not make any amendment in the interest rate and take all measures to get the economy back on track. Amidst the Corona epidemic, investors are now showing less interest in the stock market and their trend towards precious metals is increasing. Many experts are betting on the edge in gold even further. Demand for safe investment like gold has also increased due to deepening tensions in China-US, increasing the number of corona patients, and declining dollar.

Also Read-

249 crore loss to this automaker in the first quarter

Rippy Koul talks about her innings as a successful businesswoman and a top-notch social media influencer

Gold prices fall after two consecutive days of gain, silver still touching sky

Popular Stories