Gold and Silver prices soared past Rs 19000 per grams and 29800 per Kg. According to world council the yellow metal means Gold has given a return of 6.88% in the last one month, 22% in the past year and 208% in the last five years. In India gold is the top most thing for marriage.
Gold prices rose by Rs 350 or 1.89 per cent to Rs 18,875 per ten gram in futures trade on Tuesday, as traders created fresh positions driven by a steep rise in prices at physical markets.
Gold for December-month contract surged by Rs 350, or 1.89 per cent to Rs 18,875 per ten gram, with a business volume of 20 lots.
The gold crossing Rs 19,000-level for the first time to quote at Rs 19,050 per ten gram in the national capital also fuelled the uptrend.
Will it be easy for a common man to buy gold or silver ornaments in future?
Gifting gold in marriage is the most common thing in Indian marriages but by seeing the rates of gold at present it would be difficult to buy gold. As gold, silver is too becoming costlier and has crossed the expectations of common man.
It is also expected that gold may cross Rs 20000.
Gold may become dream for poor or for middle class families!