Gold Rate Today

Gold Rate Today

• Today 22 Carat Gold Price Per Gram 
• Today 24 Carat Gold Rate Per Gram Chennai
• Gold Rate in Chennai for Last 10 Days (10 g)

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India

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Today Gold Rates

gone past 52 000 for every 10 gram of 24 karat gold it has delivered return of over 34 since the beginning of this year overtaking every possible asset class in the country today and in most parts of the world in fact gold and bank fds are the only two asset classes which are in the positive this year equities is in the negative 

Real estate is really really bad since the beginning of this year some analysts such as modila roswell are predicting that gold will go past 65 000 for 10 grams by the end of this year now there are many reasons why the price of gold is shooting through the roof uh the biggest of them of course is the demand the demand is rising and the demand is rising because uh investors people who have money to spare to invest they are putting it in safe haven such as gold they do not want to take the risk of investing in risky assets such as real estate or for that matter even equities
The coronavirus pandemic has created global uncertainty the china and u.s trade war has to cause global uncertainty uh and the very fact that the world economy is headed for recession in this year and next perhaps has added to the demand for investment avenues such as gold which are considered safe havens but one of the reasons why global demand has grown many fold is because central banks of many countries such as russia china and india have actually started adding more gold to their reserves since the beginning of this year russia alone has added 148 tons of gold to its reserves china has added more than 74 tons and india almost 45 tons of gold to its reserves since the beginning of this year in comparison germany and japan have actually reduced their cold reserves in this year now it's interesting that
Just as recently as 2006 you could buy 10 grams of gold for under 10 000 rupees today it's about 52 000 rupees more than four times higher than what it was in 2006 so of all the gold that has been mined so far in history about 200 000 tons of gold uh
The official holdings such as the central bank gold reserves are only about 17 a bulk of the gold is held in private investments which are about over 21 and in jewelry which is 47 of total gold that has ever been mined in history and that is where the demand for gold has also increased many fold because it is considered the safest investment in times of economic uncertainty you