New Delhi: Soon, gold rate can reach Rs 32,500. Gold prices are likely to rise due to uncertainty in global markets with trade war, geopolitical tensions and weakness in the dollar index. The price of gold will also depend on the demand in the domestic market. At the beginning of January this year, the value of gold was at Rs 30,400 per ten grams, which has now crossed Rs 31,800 per ten grams.

 
According to experts, if the United States invades Syria, the geopolitical tension, especially in the midst of Russia and the US, will make the investor invest in gold, which can lead to the movement in the stock market. The US stock market witnessed downside yesterday with the possibility of US attack in Syria. In the overseas markets, gold rates have climbed to $ 1,360 per ounce. If gold in foreign markets breaks this level, then the domestic market can also go up.

Despite the rally in the stock market in January, there was no drop in demand for gold. According to a report, gold imports in the country in 2017-18, were more than 300 tonnes more than last financial year. In the year 2016-17, India imported around 500 tonnes of gold, while in 2017-18, gold import was 855 tonnes. In the last quarter of the last financial year, the decline in the stock market and the demand from local jewelers have increased gold imports.