Parameters Affect Gold Prices in India
Gold is considered a very precious commodity and that’s why investors always prefer Gold as a commodity trading instrument because it acts as a safe investment. In India, gold holds a strong place in people’s hearts as Indian citizens believe it’s an auspicious metal that is being worn on every occasion. Also, Indian citizens feel gold is a symbol of richness and power. It has been seen that the importance of gold has significantly increased over the years as investors keep this metal as a hedging tool during market volatility and inflation. The price of gold keeps on fluctuating due to several factors. It is interesting to know that the US dollar affects the gold price to a greater extent. Gold puts strong value not only on a state’s strong economy, but even on personal investments. Here are the factors that affect the gold price most: Demand and Supply Gold prices heavily depend on demand and supply. When there is a huge demand, the price of gold rises or vi...