Where Is Gold Price Heading?

In the last 10 days, the spot price of gold has risen by more than Rs 1,200 per 10 grams. Gold prices are gaining strength amid weakness in the equity market and fears of rising inflation. Experts say rising gold demand has pushed up prices. Demand for gold is expected to hold steady in the coming days as the US Federal Reserve slashes stimulus. Moreover, with NRIs returning to homeland amid easing COVID19 restrictions jewelers expect a boom business.