Gold prices are likely to rise another 6 to 7 percent in the new year after rising 23 percent in 2019

Mumbai, December 31, 2019, Tuesday

According to market analysts, gold prices have risen by around 5% on an annual basis in the year. Given that such annual price hike has never been seen in the last 3 years, the gold price boom has broken the 7-year record. The price of gold was Rs. 1 in 1 gram. It was increased by Rs. 3 and Rs.

In the 5th, the price went down further to Rs. 1 and the price went up to Rs. After that, the price of gold went up by Rs. 1 and Rs. And in the 5th, the price jump was called Rs.

Thus, the year of counting on the annual basis has been quite sharp for gold. With GST, prices were up 5%. Meanwhile, silver prices have also gone up about 5% year-on-year in the year of the 5th. The average silver price remained unchanged at Rs 5 per kg of GST. While prices with GST were up 5%.

Meanwhile, silver prices were trading at Rs 5, followed by Rs 5 in 5 and Rs 5 in gold. In the 5th, prices went down further to Rs. 1 and Rs. After that, the price bounce back to Rs 5 was Rs 5 and the price was again lower at Rs 5. In the 5th, the price remained at Rs 5 while in the 6th the price was called Rs.

As the price of the world market goes up, import of precious metals has risen. Gold prices have recently risen above $ 5 a barrel in the world market. Dollar prices have also gone up in rupee terms in the domestic currency market and there has been a significant increase in the import of precious metals in the country. As the import coast rose, a boom was seen in the jewelery market of the country.

Domestic import duty has increased by 8.5%, while there is a GST burden of 5% in the country.

In the context of Monthly Deposit Sky in the 4th, people's reliance on certain jewelers also had a diminishing demand. Meanwhile, according to world market players, the price of gold will rise even higher in the year of 7 after the rise in gold price of 1%, but such an annual price increase in 1 is likely to register around 3-5%.

In the world market, players are now looking at when and how much interest rates are reduced in the US in the new year. The players were showing that gold prices will go up if such interest rates go down. In the world market, in the New Year, gold prices are expected to rise to $ 5 a ounce. However, according to Goldman Sachs, prices are likely to go up to $ 5.