Rajkot: Gold prices have reached the highest level so far. Gold prices have increased by Rs 8,000 in the last 1 month. Despite the continuous increase in gold prices, the number of customers is being seen in the showrooms of gold traders despite the wedding season. In this report, know why the prices of gold have increased and what has been the effect on the purchase…
Gold price jump in a month , Jump of 8000. Gold has crossed 87 thousand. If the price of gold crosses 1 lakh rupees in future, then there will be no surprise in this. There will be no surprise if buying gold now becomes a dream for people. Because gold prices are continuously increasing. Gold reached the highest level till now reached beyond 87 thousand. Gold traders say that gold prices have been increasing continuously since 2019. Gold which was 49 thousand, has increased to more than 87 thousand in the last 5 years. Mukeshbhai Soni, a gold trader from Rajkot, says that the price of 10 grams of gold has increased by Rs 8,000 in January alone. The price of gold in the international market which was $ 2700 has increased to $ 2860 today. Gold prices will continue to increase in the coming days
Why is the price of gold increasing?
Internationally strengthening dollars and weakness in Indian rupee-International instability including war between Russia and Ukraine, the issue of imposing tariffs between the US-Russia and China-the price of gold in the international market was $ 2700, which today has increased to $ 2860 Went. Rajkot’s Sony market jewelery designs are considered the best in Asia. However, here too, an atmosphere of recession is being seen in Sony market. Rajkot’s gold traders had high expectations from the Union Budget. But they are disappointed that the central government has not made any major announcement on excise duty on gold. Customers coming to buy gold are saying that shopping has become compulsion due to the wedding season. However, due to the price of gold reaching more than 87 thousand, we are buying new design jewelery instead of old gold jewelery. Traders say that the purchase of gold of consumers has fallen by 30 to 40 percent compared to earlier.
Earlier it was said that gold should be purchased. When the financial condition of the house or family is bad, gold can be sold or mortgaged. However, the current situation has become somewhat disappointing. Instead of buying gold, people are investing capital in the stock market. Because, it has become difficult for the common people to buy gold. While the common man is investing in mutual funds and SIPs. If the prices of gold are not controlled in the coming days, then buying gold will definitely become a dream for people. Not only this, Sony dealer is also expecting its price to 1 lakh.
