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Gold Price

THE RIGHT CHOICE IS IN YOUR HAND

Gold has been considered as currencies, commodities & investment since thousands of years ago. Whether in pursuit of beauty as well as its value, the price continued to soar high in the market. There is speculation among investors about how high gold prices will rise in the market? While no one knows, there is a strong opinion stating the price of gold will soar higher in the market. Central Bank keeps Banknotes and Gold as a reserve. According to the World Gold Council for the first time in a decade, Central Bank began to buy more gold from the amount they sell. When the Central Bank began to move away from paper currencies and collect more gold, it has increased the demand for the precious metal in the international gold market, causing the price of gold higher. World demand for gold, jewelry and industrial purposes affects the price of the precious metal. Every year about 78% of newly mined or recycled gold jewelry, while 12% of demand for medical and industrial use. With rising incomes, it is attracting more people to own physical gold. The world has seen a significant increase in both demand and rising gold prices in the market.

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