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At its lowest in 2019, the price of gold was about $1,200 per ounce. After hitting an all-time high in 2020 of more than $2,000 per ounce, it's now dropped down to around $1,800. Mehul says the pandemic wiped out about 40% of his sales.Will the value of gold increase?
Gold being a non-corrosive metal, it retains it's property for any number of years. So the value of gold doesn't decrease or increase with time. But price of the gold will increase and decrease with time since gold prices are determined by traders and investors at international market.