Gold Price hike: An increase of Rs. 700 in the last 24 hours, 63k For 10 Grams

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Gold Price hike: An increase of Rs. 700 in the last 24 hours, 63k For 10 Grams

Gold Price Hike: In the background of rising inflation in the country, the price of gold is not going down. So buying gold is becoming expensive day by day for the common man. The price of gold is increasing continuously. On the eve of Akshaya Tritiya, one of the three and a half Muhurtas, the gold price has hit a new high. In Maharashtra, the price of gold has jumped to 63 thousand. Due to this, it is seen that the concerns of customers who want to buy gold have increased.

Gold has been increasing continuously

The price of gold has been increasing continuously since last one month. Gold prices have broken all-time highs. Gold prices have reached 63300 rupees. Globally, the US Federal Bank’s interest rate policies and bank failures have led many investors to turn to gold as a safe haven investment. Therefore, as a result of the large increase in the demand for gold, a large increase in the price of gold is seen.

Gold investment is ever profitable

Due to this price increase in the face of Akskhaya Tritya, it is seen that many customers have reduced the amount of gold purchase as gold has become beyond the reach of all common customers. Looking at the rise in gold prices in the past few days, gold is likely to rise further. Many consumers have also preferred to buy this gold as an investment at this rising rate. Claiming that gold investment is ever profitable, these consumers are also seen justifying the purchase in rising gold prices.

Investing in gold seems more convenient and safer

Considering the changes that the US Federal Bank has decided to make in its interest rate policy, investing in gold seems more convenient and safer than investing money in a bank. As many people have increased their inclination towards gold investment, the demand for gold has increased globally. Moreover, gold traders are saying that the huge increase in the price of gold is due to the increase in demand due to upcoming festivals and Lagin sarai in India. In the last 24 hours, the price of gold has increased by Rs. Considering the price of gold, this is considered to be the highest gold price till date.

Also Read: Can Ethereum reach 100k in 2023?

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