When the lockdown was announced the share market was completely destroyed, but the shine of the gold kept on increasing
It is being said that the gold price may rise for 80 thousand per 10 gram by the next year
What if the lockdown was announced due to coronavirus, the price of gold has touched its peak. When the lockdown was announced the share market got dashed badly, but the shine of gold kept shining brighter. Now according to the reports, recovery from the economical crises that were due to COVID 19 will be taking time to get back. So because of which the high price of gold will be remaining time period.
Why is the price of gold increasing?
- Bhartiya Philosophy says we could not earn money from gold but by this gold, we can pass the time of crisis. This means the entire nation knows gold as a good investment.
- The market is passing by the time of uncertainty. By the sharp increase in the number of positive COVID 19 cases, no one could tell that when the nation will be getting recovery from the economical crisis. Many Global Financial Institutions and Consulting Firm Equity are making an estimate for the fall in the market.
- At the present time when investment tools like the stock market, FD in banks, bonds, etc are showing negative growth than the Investment Consulting firms are giving suggestions for Gold Bonds and investment in gold.
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