A brief insight into Gold Rate!
The economy has recently slowed because of the pandemic we faced in the last two years. It has resulted in a worldwide rise in gold prices. During this time, interest rates fell while the government announced various cost-cutting measures to assist citizens. As a direct consequence, many investors started staying away from riskier assets. When investors lose hope that the market will recover shortly, they seek safe-haven assets such as gold to park their money. Why gold, not anything else? The reason is apparent. Because of gold’s strong liquidity, fierce traders increasingly see it as a viable investment option. tacticalfrontarms An investment in gold provides a safe haven in times of economic uncertainty . Even when inflation in India is higher than the interest rate, gold still does quite well. But many investors are baffled by a single mystery: what’s driving up the gold rate today ? Gold’s worth in India is impacted by its global price. For this reason, accurate long-...