What is the current price of gold and what are the factors that have led to the rise in the price of gold?

Question

What is the current price of gold and what are the factors that have led to the rise in the price of gold?

Answer 1

The current price of gold in Mumbai is Rs 9970.

Gold price has risen in the local markets due to the price hike in international markets. “Price of gold in the local markets always depends on international markets,” as it is always said.

According to me, violent international politics, Iraq war, diversion of capital from share market to gold business and people’s reluctance to buy dollar for high rate are the main reasons for gold price hike on the international markets.

There may be other reasons as well.

Answer 2

The current price of Gold is Rs. 10,00,500/- per kilo.

The main cause for gold going higher is trillions of dollars floating around for refuge.. seeing gold prices so bullish stock market gainers feel safe to invest the money in gold with the thought of simply gaining and being winners in the end... all this could probably come to an end with the market crashing but the growth in prices was over due thus it might just stabilise here..

Answer 3

it is almost over 650 now.