For the last few months, the price of gold has been seen continuously. The biggest reason for this is the stress of the trade war between global volatility and the US-China. When US President Donald Trump announced the installation of reciperook tariffs in countries around the world, the price of gold has seen further. However, now Trump has postponed his decision to put tariffs on other countries except China for 90 days. Even after this, the price of gold is not taking the name of stopping.
Gold broke a new record
Today, gold broke a new record on MCX on Friday. Today, the price of 22 carat gold in Delhi was Rs 85,760 and 24 carat gold was Rs 93,540 per 10 grams. Gold is usually considered a safe investment, especially when the stock market fluctuates. In recent times, gold prices are increasing because investors are giving more priority to investment in gold than unstable stock market.
Will this climb will continue?
But now the question arises whether this climb will remain? According to media reports, the price of gold can reach Rs 1 lakh per 10 grams. While others say that now its price may fall by 40 percent.
Will gold go up to 1 lakh rupees?
After the ever increasing price of gold, now there is a discussion on whether gold can reach 1 lakh rupees per 10 grams and why is its price increasing so fast? According to media reports, heavy purchases and global instability of central banks and especially the tariff policies of Trump have increased its demand.
There is no limit for gold prices
At the same time there is no limit to the prices of gold. This fast is not a new beginning, but the expansion of the current trend. The price of gold is less likely to reach 1 lakh rupees. Because most of the positive factor for this has already been seen in the market and no new reason is seen to pursue it.