It is said that as demand increases, prices decrease but the rising prices of gold are increasing along with the increasing demand. Gold prices have reached the highest level ever in history.
There has been an indirect rise in gold prices in India after the US Federal Banks cut interest rates by 50 basis points. Due to this, the price of gold increased to Rs 77,200 per 10 grams in Meerut along with the country.
This price is now at the highest level in history. Earlier this year, on July 23, when the Finance Minister announced a nine percent cut in import duty, gold prices fell from Rs 72,500 to Rs 69,300 per 10 grams.
