Click it and Unblock the Notifications
Just In
Don't Miss
-
KKR vs RCB Head To Head Record, Stats & Results in Eden Gardens, Kolkata Ahead of IPL 2024 Match 36 -
Apple Watch X Renders Surface: Magnetic Bands, Blood Pressure Tracking, and More -
Devara Part 1: Jr NTR To Groove With Pooja Hegde In Janhvi Kapoor-Starrer Actioner For A Special Song; Details -
Mahavir Jayanti 2024: Date, Time, History, Celebrations And Teachings Of Lord Mahavir In Jainism -
Ford Mustang 60th Anniversary Package – Limited To Just 1,965 Units -
Daily Relative Strength Index RSI In A Bullish Mode of This Pharma Stock; Buy For TP Rs 635-685 -
Exam Pressure Does Not Exist; Studying Punctually is Crucial; Says Aditi, the PSEB 2024 Topper -
Journey From Delhi To Ooty: Top Transport Options And Attractions
Gold hits record high of Rs 14,407
Mumbai, Jan 30: The price of Gold is skyrocketing. Now it has reached its all time high on Friday, Jan 30. High prices has deterred buyers from any new purchases in the mist of a wedding season.
"There is no demand, but there is scrap coming in," said Prithviraj Kothari, director with Riddhisiddhi Bullions in Mumbai. Gold futures on the continuation chart on the Multi Commodity Exchange touched a high of 14,407 rupees per 10 grams at 2:14 pm on Friday, Jan 30.
Due
to
the
lack
of
demand,
the
price
gap
between
the
local
gold
and
bank
gold
has
widened.
Consumers
took
advantage
of
near-record
prices
by
selling
scrap
gold,
thereby
limiting
demand
for
new
bars,
a
trader
said.
As the season for wedding is in air, buyers are awaiting a fall to purchase fresh gold, said Kishore Zaveri, director, Zaveri and Co in Ahmedabad, a retail gold jeweller.
OneIndia News (With inputs from Agencies)
