New Delhi: There is a huge decline in the stock market around the world. Clouds of international recession are looming. Most investors are now investing in gold. Due to increasing demand, the possibility of an increase in gold prices in India is also being expressed. Due to the oil price war and Coronavirus infection, now investors all over the world are getting nervous.
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According to the media report, there is a continuous rise in the prices of gold. The price of gold (April futures) has risen by about 500 rupees and has crossed Rs 44 thousand per ten gram. The same price is going above Rs 45,063 per 10 grams in Delhi bullion market. Experts in the commodity market say that in the long term, the price of gold can break the big level of Rs 50,000. For the past few days, there has been a steady rise in the price of gold. It is feared that due to the coronavirus, the price of gold can go beyond Rs 50,000.
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Experts believe that after the decline in crude oil prices by more than 30% in the international market, there is a worrying situation about global economic growth, due to which the price of gold is increasing. However, there has been a good rise in crude in the last two days. Brent crude is trading back around $ 38 a barrel. However, due to the persistence of global stock markets, investors are considering gold as a safe investment.
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