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Gold price touches a new peak! Rs. 29,000 per sovereign!
Posted on: 13/Aug/2019 5:40:04 PM
As on today (Tuesday, 13th August), afternoon, gold is sold at Rs. 29,016 per sovereign.
There is an environment with prospects of the value of the American Dollar going down due to the prevailing international economic conditions.
At the same time, the trade war between China- USA has been intensifying. In a similar aspect, the war-inducing tension between Iran-USA has reached a peak!
Apart from the above factors, the yearly routine of commercial recession experienced is now prevailing this year.
Because of the above reasons, the investors, with the main objective3 of safety, have turned their attention on gold! Apart from the investors, even giant organisations are buying gold for safety purposes. This has led to a continuous increase in gold prices!
With the jewellery gold prices rising gradually over the last few weeks, the gold price shot up today as well (Tuesday, 13th August) today morning by Rs. 72 per sovereign and sold at Rs. 28,896 per sovereign. A gram of jewellery gold was sold at Rs. 3612.
As at today evening, the gold price has increased further by Rs. 120. Now, gold is sold at Rs. 29,016 per sovereign. A gram of jewellery gold was sold at Rs. 3627.
Thus, the gold price per gram shot up by Rs. 24 and by Rs. 192 per sovereign. Silver is sold at Rs. 49 per gram.
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