Gold Prices Surge for the Third Consecutive Day, Cross ₹92,000 per 10 Grams
Gold prices have increased for the third consecutive day. Gold prices increased by Rs 1,100 per 10 grams on Friday, crossing Rs 92,000 per 10 grams.
Gold prices have increased for the third consecutive day. Gold prices increased by Rs 1,100 per 10 grams on Friday, crossing Rs 92,000 per 10 grams.
What are the reasons for the increase in prices:
Let us tell you that one of the main reasons for the increase in prices in the country is the increase in gold prices in the global market. Along with this, the increase in demand for gold in the domestic market is also being cited as an important reason.
Not only this, the possibility of the US Federal Reserve cutting interest rates and the fear of a slowdown in the world economy and rising inflation are also reasons for the rise in prices.
Apart from all this, the increase in geopolitical tensions is also affecting the prices of gold and silver.
Know what experts think
Experts believe that the price of gold may continue to rise for some time.
Also, due to the uncertainty in the global market, gold remains a safe investment option.
Experts also say that investors need to be cautious while investing in gold.
They should adjust their investment strategy according to global market trends and domestic market conditions.
This rise in gold prices has created an atmosphere of enthusiasm among investors. However, the increase in prices has also increased the challenge for jewelers.
Disclaimer:
The information provided in this article is for informational purposes only and should not be considered financial or investment advice.
Also read: https://investcly.com/save-taxes-shri-ram-janmabhoomi/