While PM Modi talks about crises across the world, the fuel rates and Gold rates continue to rise. There is no stopping for the gold rates.
There is a talk that it might rise to sixty thousand per ten grams by this year end.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets.
Physical demand for gold bars and coins remains strong, spurred by ongoing inflation concerns and geopolitical and financial market risks. Inflows in gold Exchange Traded Fund (ETF) might start gaining momentum as the Fed is likely approaching the final leg of rate hikes in the current cycle,.
Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid a stronger dollar and spike in crude oil prices.
