Question

What is the reason for the hiking of the prize of Gold in our country?​

Answer 1

When central banks of large countries start holding gold reserves and procuring more gold, the price of gold goes up. This is because the flow of cash in the market is increased while the supply of gold goes down. Interest rates on financial products and services are tied closely with the demand for gold.

One of the key reasons why gold prices are rising globally is the mixed signals on trade talks between the US and China. The constant change in mixed signals in the trade war narrative has sent overvalued gold prices, according to experts.