Question

Q. Why is gold price rising in India?

Take points..

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Answer 1

Answer:

After over nine years, gold prices hit Rs 50,000 per 10 grams on Wednesday in India – the world's second-largest gold consumer after China – as a host of factors like global uncertainties triggered by Covid pandemic, weak dollar, low-interest rates and stimulus programmes have increased the appetite for gold.

Answer 2

Answer:

Question ⤵

Why is gold price rising in India ?

Answer ⤵

The price of gold in India is affected by its international price.

Some reasons are given there -

1) Rising number of corona virus cases.

2) Increasing US-China tensions.

3) Economic slowdowns.

4) Decreasing growth rate.

5) Government Gold reserves.

6) Inflation.

That is why Gold price is increasing day-by-day.

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