Gold is breaking its own record, reaching Rs 53,844

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New Delhi, 31 July 2020 Friday

Just as Corona's case is growing rapidly, investor confidence is weakening, and it is turning to safer investments.

This is the reason why gold-silver prices are constantly rising, and setting new records every day, today the price of gold reached Rs 53844 per gram.

Gold for delivery in August at 3 pm traded higher by Rs 512 at 53,650 on the MCX, reaching Rs 53,844 during trading.

Gold closed at Rs 53,138 per 10 grams on Thursday, opening at Rs 53,526 this morning and reaching a high of Rs 53,844, a low of Rs 53,503.

Gold for delivery in October also rose by Rs 696 to Rs 53,476 at present, while gold for December delivery rose by Rs 717 to Rs 53,645.

Experts said that the rise in gold will continue, adding that the way the US dollar is depreciating has led to a rise in gold prices, adding that people are looking to secure investment in the US after the economic downturn.

He said gold prices were fluctuating at the beginning of the week, but are now showing signs of recovery, and are expected to touch Rs 56,000 by Diwali, with gold reaching સો 2,000 in the international market in the near future.

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