・Gold hit ₹1 lakh/10 gms today. It almost doubled in less than 3 years as the gold price jumped 100% to Rs 1 lakh. Why is this happening? What are the factors fueling this trend? The main reason is the ratcheting up of geopolitical tensions, which have strengthened the safe-haven demand for gold across the world. The freezing of Russian central bank assets in 2022 following the Russia-Ukraine war triggered a wave of gold buying by central banks as countries rushed to shore up their strategic buffers. The current upheaval around US President Donald Trump’s ‘on-again, off-again’ tariffs has further burnished gold’s age-old reputation as a protective asset during uncertain times. The weakening of the US dollar index has also propelled rates, as gold is priced in USD globally. Trend in Indian Markets? Is it the right time to invest in the gold? ・What has been the trend in the Indian market? India is the world’s second-largest consumer of gold. After two months ...
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