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Gold Prices At Record High: Gold prices opened at a record high in Friday’s trading session. Gold opened at Rs 56,746 per 10 grams on MCX, which is the highest rate of gold. At present gold is trading at Rs 56700 with a gain of Rs 154. In the last trading session, gold had closed at Rs 56,588 per 10 grams. year 2023 There has been a jump of Rs 2000 in the price of gold in just 20 days.
shock in wedding season
The marriage season has come, obviously the demand for gold increases during this time. And those who are thinking of buying gold will now have to pay a higher price. According to the experts, the price of gold is not going to stop here. In 2023, gold can also cross Rs 60,000 per gram.
Will be benefited by taking gold loan
The rise in gold prices will benefit those who take gold finance or gold from banks. Due to the rise in gold prices, they will be able to get more loan against their gold. Gold loan companies will also benefit from this. Their loan order book will increase and margins will also improve.
rose gold glitter
Gold prices in the international market, after touching a high of $2,070 an ounce in March 2022, came down to a low of $1,616 an ounce in November 2022, but gold prices are improving from these levels. Many experts are expecting the gold price to touch $2500 per ounce in the international market in 2023.
Due to the global political situation, recession concerns, inflation and lack of demand for crypto assets, gold prices are believed to be the reason for the rise. In times of global uncertainty, gold has always been seen as a safe investment.
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