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Seasonal Demand Makes Gold Price to Go Up

goldNew Delhi, Monday, January 19 – Due to the rise in demand for the gold during current wedding season, the shining mental logged the gain by INR 101 to hit at the mark INR 27,818 per ten grams today.

Since number of buyers headed towards the bullion market to get the precious metals, the sudden rise in demand gave jump to the rates as well. The yellow metal for delivery in the first month of second quarter surged by INR 101. It was changing hands being up by INR 76 to 27,730 per 10 grams for next month.

“The trend of rise may last up to next few months as many tie the wedding knots up till June. A drop might also be observed but that is not expected to be significant”, said a expert who anticipated gold to shine in the coming days.

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