Gold price today: gold and silver prices rise well, know the rate of 10 grams of the gold
Gold Price (Gold price today) On Tuesday 18-8-2020, the market opened with good speed as soon as it opened. At around 9.40 am, gold was trading at Rs 53552.00 per 10 grams on the Multi Commodity Exchange (MCX) with a gain of about Rs 277.00.
Gold price today: gold and silver prices rise well -> Gold Price (Gold price today) On Tuesday 18-8-2020, the market opened with good speed as soon as it opened. At around 9.40 am, gold was trading at Rs 53552.00 per 10 grams on the Multi Commodity Exchange (MCX) with a gain of about Rs 277.00. There has been a sharp rise in silver prices. Silver was trading at Rs 70350.00 per kg with a gain of Rs 1,195.00.
70 thousand gold may be sold till Diwali
Experts believe that till Diwali, the price of gold will set a new record. According to a report by JP Morgan, given the economic, epidemic, and political conditions, there is every possibility that gold can touch the level of 70 thousand rupees till Diwali. Even if the corona vaccine arrives, there is still a lot of time to improve the global economy. Till then the price of gold will be recorded fast.
Gold will give good returns in a year
If you are thinking about investing in gold, then you can get 20 percent or more returns in a year by investing in gold. According to commodity expert Chirag Seth, gold fundamentals are still very strong. The correction has definitely come in the last week. Maybe gold can trade between 1850 and 2000 dollars per ounce for the next month. But if someone invests for a year, then he will get 15 to 20 percent returns comfortably.
Investment in gold ETF increased
In July, investment in Gold Exchange Traded Fund (Gold ETF) increased by 86 percent to Rs 921 crore as compared to the previous month. In the Corona crisis, the confidence of investors is increasing on gold. Due to the rising price of gold, investors are moving towards gold. According to data from the Association of Mutual Funds in India (Amphi), investment in gold ETFs has risen to Rs 4,452 crore in the first seven months of the financial year.
