Gold price touches Rs 40,000 per sovereign, Rs 5000 per gram
Gold price increased for the ninth day in a row and set an all-time record. The price of gold is now Rs 40,000 per sovereign and Rs 5000 per gram. The price of one sovereign of gold increased by Rs 280 on Friday.
The price had increased Rs 320 per sovereign on Thursday and reached Rs 39,720 on Thursday. The price of one troy ounce (31.1 grams) of pure gold is 1,958.99 Dollars in international market.
Gold price was influenced as investors trusted gold as a safe investment during the global economic crisis following the COVID-19 outbreak.
The price of pure gold has reached Rs 53,216 per 10 grams in the national market. Silver price also rose by Rs 856 per kilogram and touched Rs 63,355 for one kilogram.