Gold prices (X/@goldprices_)
Business News: Gold prices in India have once again touched the historical height. On Tuesday, April 22 24 carat gold crossed the figure of Rs 1 lakh per 10 grams. At MCX at 11:03 am 24 carat gold was trading at Rs 98,753 per 10 grams, while its highest level so far was recorded at Rs 99,012. Added 3 % GST made the price crossed the Rs 1 lakh mark.
On April 21, where gold was trading at around Rs 96,000 per 10 grams, it has gained a huge rise of about ₹ 2,000 in just 24 hours. This bounce is not just the result of domestic demand or seasonal trend, but there are many international economic reasons behind it.
Reports suggest since 31 December 2023, gold prices have recorded a tremendously increase of ₹ 20,850 per 10 grams. That is a return of about 26% in just four months, which makes it a more secure and appealing investment option than the stock market.
This surge in gold prices is being seen not only in India, but also globally. Increasing trade tension between the US and China, uncertainty over tariffs, and geopolitical conditions have diverted investors from risky markets and divert to safe options.
US President Donald Trump may have announced a temporary break on tariffs, but it has not been completely abolished. Along with this, clouds of danger hovering over the global economy are pulling investors towards gold.
Experts believe that if geopolitical stress and global economic instability persist, gold prices are possible further. However, today on April 22, there has been a positive trend in the domestic stock market, which has provided some relief, but the glow of gold does not seem to fade.
The record in gold prices is rapidly clear that in the current situation, the trust of the investors is still standing on this yellow metal. Whether it is a wedding season, or economic uncertainty-Gold has once again emerged as the first choice of investment.
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