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When the U.S. dollar strengthens against the Indian rupee, it can make gold more expensive for Indian buyers, leading to lower demand and potentially lower gold prices in India.
Apr 2, 2024 · Why is the Gold Price increasing in India? The reason for that is the US dollar weakening, aggressive buying by China, and bets of the US Fed rate cut. To know more in detail, visit the link.
Oct 4, 2024 · Gold prices have been on the rise, with movement recorded on the Multi Commodity Exchange (MCX) on Friday, October 4, 2024. Gold futures, maturing on December 5, 2024, were priced at Rs 76,468 per 10 grams after gaining Rs 224, or 0.29%, from the previous close of Rs 76,244.
Mar 22, 2023 · We take a look at why gold prices are rising and what should investors do: Gold price: As of 20th March 2023, gold has delivered ~12% returns every year over 1,3 and 5-year periods. Gold prices have corrected in the last two days after hitting fresh all-time highs of above Rs 60,000 per 10 grams.
Oct 15, 2024 · Gold prices on Wednesday hit an all-time high of Rs 76,700 in India, in line with the global bullion market trend. On the MCX, the yellow metal jumped 0.5 per cent amid a decline in US 10-year bond yields and increasing global instability linked to rising public debts.
Oct 17, 2024 · Gold prices rose by Rs 250 yesterday to a record high of Rs 78,900 per 10 grams, compared to the previous close of Rs 78,650 per 10 grams. According to market analysts, this steady rise in gold prices could be attributed to a combination of factors.
Oct 7, 2024 · An increase in demand for gold, driven by factors such as economic uncertainty or geopolitical tensions, can lead to a rise in its price, reflecting its limited availability. Inflation Hedge. Gold has historically served as a reliable hedge against inflation.
Oct 24, 2024 · In India, gold prices hovered around ₹80,000 per 10 grams. Globally, spot gold rose by 0.3% to $2,725.51 per ounce, following a record high of $2,758.37 per ounce earlier in the week. Key factors driving gold prices
May 18, 2020 · The gold prices in India rose over 1 percent on Monday to hit an all time high of Rs 47,929 per 10 grams on the MCX amid a sell-off in risky assets and weak Indian currency. The domestic bullion prices surged tracking gains in the international yellow metal prices that were trading at levels highest in more than seven years.
Apr 8, 2024 · Investors also are pushing up the dollar, which has made gold much more expensive for buyers in the top consumer markets: China and India. Why are they buying now? That’s the big question.
