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Gold prices may hit Rs. 20,000 mark by Diwali

Mumbai: Gold prices are all set to touch Rs. 19,500-20,000 per 10 gm by Diwali due to rising investor interest, a top industry official said.

“We expect gold prices to cross Rs. 19,500-Rs. 20,000 per 10 gm by Diwali after some correction in prices,” Bombay Bullion Association's (BBA) president Suresh Hundia told PTI here.

Standard gold (99.5 purity) closed at Rs. 18,910 and pure gold (99.9 purity) at Rs. 19,000 per 10 gm in the Mumbai bullion market last week. — PTI

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