Where Are Gold Prices Headed In India

Why gold prices in india are headed north in india the gold prices also witnessed a spurt following the government s budget announcement to hike the customs duty on gold import from existing 10 per cent to 12 5 per cent.

Where are gold prices headed in india. Domestic gold futures hovered near their all time highs on friday as international prices were headed for their biggest weekly gain in over three months multi commodity. Our 2021 forecast for gold is above 2 000. At the time of our writing it was 95 look how rare this reading is. Gold jumps to rs 54 700 per 10 gm silver at record high of rs 71 500 a kg gold breaches 2 000 barrier over prospect for further covid 19 stimulus where are gold rupee and oil prices headed in 2019.

In india too prices of standard 24 carat gold in mumbai touched a record rs 33 265 per 10 g on august 28 2013. The gold silver ratio gold price divided by the silver price hasn t been this elevated since the early 1990s. Change language and content. So in about one and a half years gold prices in india could gain about 75.

On thursday gold futures for june on mcx closed at rs 46 352 10gm. On wednesday they fell to rs 24 820 the lowest since august 6 2011. The corona crash is pushing gold into new all time highs. Our gold price forecast 2020 of 1 750 was spot on.

The gold silver ratio is higher now than during the depths. Gold rate in india. In the international market gold is currently.