New Delhi: Gold has reached a record high in the domestic and international markets amid the Corona virus crisis. In the domestic market, 24 carat gold has set a new record of Rs 48,300 per 10 grams. Investors are considering gold as the safest means of investment in this era of Corona crisis.
What is today’s price
According to the website of the India Bullion and Jewelers Association, 24-carat gold has set a new record of Rs 48,300 per 10 grams. The price of 23 carat gold has also risen by Rs 645 to Rs 48107 per ten gram. The price of 22 carat gold has now gone up by Rs 593 to Rs 44243 and 18 carat to Rs 36,225 per 10 grams. At the same time, silver has also gained Rs 966.
In the international spot market, gold jumped 0.5 per cent to $ 1751.63 an ounce. Prior to this, gold achieved a record high on 18 May. Similarly, gold reached a record level of $ 1,764.50 an ounce in the US futures market.
The India-China tension and the Hong Kong climate have also impacted international commodity markets. In fact, whenever the economic crisis in the world has deepened, gold has shed its shine, in fact, with the increase in price, the scope of investment in gold is increasing. Due to the Corona crisis, investment in gold is being seen as a safe option.
Investments worth Rs 815 crore came in Gold Exchange Traded Fund (Schwangsn) in May amid stock market fluctuations. The reason for this is that investors are now turning to safer investment options. According to the latest data from the Association of Mutual Funds in India, the net investment in the May Gold ETFs stood at Rs 815 crore. In April, it invested Rs 731 crore. However, there was a withdrawal of Rs 195 crore in March.
