The price of 10 grams of gold will go up to 90 thousand in the coming period ?; Find out today's rates!
By Lokmat English Desk | Published: August 3, 2021 02:30 PM2021-08-03T14:30:02+5:302021-08-03T14:30:02+5:30
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Investment in gold has once again gained importance against the backdrop of uncertainty created by the Corona crisis. Last year, gold hit an all-time high of Rs 56,200.
However, most experts have predicted that gold will start moving upwards again in the near future.
The price of 10 grams of gold will touch Rs 90,000 in the next five years, according to the Quadriga Igneo Fund.
Gold is currently at a two-month low. At the Multi Commodity Exchange, gold has strong support at Rs 46,500. At the close of trading on Friday, gold was trading at 46,615 per ounce. Therefore, the price of gold is very close to the support price.
Gold rates in Mumbai today are influenced by a number of factors. Leaving that aside let us understand at the local level who influences the prices. In fact, the one biggest factor is the international factors.
London was ruled by the British at that time. Of those five, Rothschild was the richest family at the time. The first price was 4.9375 British pounds per troy ounce. Now the question is how much is a troy ounce. In those days, gold was measured in terms of fish, buzz and weight. After the decimal system, the price of gold was fixed in grams.
