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Gold can surge as much as ₹47,000 per 10 grams: Motilal Oswal

Mar 01, 2020 12:17 IST

Gold prices in India may surpass ₹47,000 per 10 grams mark in the next 12 to 15 months over mounting concerns due to the coronavirus outbreak, brokerage firm Motilal Oswal said on Tuesday. Gold prices have been on the rise ever since US President Donald Trump decided to impose tariffs on China back in 2018 and now the outbreak of coronavirus is helping the safe haven asset to outperform most global asset classes. On Monday, it surpassed a record high of ₹43,500 per 10 grams.

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