Gold price in India again at an all-time record
The price of gold in India has once again reached an all-time high. On Tuesday morning, the Pound Sovereign increased by Rs 280 to Rs 42,160.It is currently trading at Rs 5,270 per gramme.
The price has now exceeded Rs 42,000 for the first time. The price of gold reached Rs 42,000 on August 7, 2020. It stayed at this level for three days before dropping. A gramme of gold cost Rs 5,250 at the time.
Since January 20, gold prices have remained unchanged for four days in a row. The starting price was $41,880. The lowest price of the month was Rs 40,360 on January 2. The price of gold has increased by 19,000 percent in the last 50 years. In 1973, 24 karat gold bars cost Rs 27,850 per kg. One kg of 24 carat gold in the bank now costs Rs 59 lakh. This is a 21000% increase in price.
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