RSSThe price of gold has also crossed all the previous record high. The main reason behind this so far can be pointed to the weakening value of dollar. There is an inverse relationship between gold and dollar in the international market. In the local market the price for 10 gram of gold has reached Rs. 18,220.00. This is a historic high and the price still could go up.
In the international market as well the price of gold has reached a historic high of $ 915.00 per ounce. The average annual rise in the international market in gold since 2001 has been 27.27 percent. The market analysts predict that if the trend continues then the price of gold per ounce will close at $ 1,061.00.
Compared to gold, the price of silver have also gone up but it hasn't quite achieved the upward trend that gold has achieved. These precious metals have really shocked the economy of the world.
In the international market as well the price of gold has reached a historic high of $ 915.00 per ounce. The average annual rise in the international market in gold since 2001 has been 27.27 percent. The market analysts predict that if the trend continues then the price of gold per ounce will close at $ 1,061.00.
Compared to gold, the price of silver have also gone up but it hasn't quite achieved the upward trend that gold has achieved. These precious metals have really shocked the economy of the world.
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