Gold Price Soars to Record High of 916 Rupees per Gram
The price of gold in the international market has reached a record high of 916 rupees per gram. This is the highest price that gold has ever been in India, and it is driven by a number of factors.
One of the main factors driving the price of gold higher is the uncertainty in the global economy. The ongoing trade war between the United States and China, as well as the Brexit negotiations, have created a lot of volatility in the markets. Investors are looking for safe haven assets to protect their wealth, and gold is one of the most popular safe havens.
Another factor that is driving the price of gold higher is the low interest rates. When interest rates are low, it makes it more attractive for investors to buy gold. This is because gold does not pay interest, so investors are not losing out on any potential income by buying it.
The demand for gold is also being driven by the upcoming festive season in India. Diwali, which is one of the most important festivals in India, is just around the corner. Gold is traditionally bought during Diwali, and this is expected to further boost demand for the precious metal.
The high price of gold is good news for investors who have already bought gold. However, it is important to remember that the price of gold can fluctuate, so investors should be prepared for the possibility of a decline in the price of gold in the future.
原创文章，作者：Kevin，如若转载，请注明出处：https://fangeou.com/6855.html
