Want to buy Gold this Diwali? These 5 factors impact rates

By Editorji News Desk
Published on | Oct 24, 2023

Global market trends

Any development in international markets, geopolitical events or changes in the U.S Dollar value can affect gold rate

Local demand and supply

Domestic demand and supply can be impacted by imports, customs duties and government policies which would affect the price

Government Regulations

Government policies, such as changes in import duties or restrictions, can impact the gold market

Currency Exchange Rates

When Indian Rupee weakens against the U.S Dollar the price of gold in India tends to rise

Investor Sentiment

Investors often turn to gold as a safe-haven asset during any uncertainty which in turn drives up gold prices

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