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Gold Prices: Cheapest gold in a year, is this the right time to buy?

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Inflation figures have been released a day earlier in America. The US Labor Department released inflation data on Wednesday. According to the data, the rate of inflation in the month of June stood at 9.1 percent, which is the highest since 1981. Earlier in May, the US inflation rate was 8.6 percent. Although estimates were already being made to increase the inflation rate in America, but no one had any apprehension of such a rise. The market felt that the inflation rate could increase to 8.8 percent in the month of June. (Photo: Reuters)

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