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Gold soars 60% since March 2024 to cross Rs 95,000: Should you invest?

Business Standard LogoBusiness Standard4d ago

Gold soars 60% since March 2024 to cross Rs 95,000: Should you invest? - Business Standard

Quick Summary:

Analysts suggest that while gold prices are at record highs, they may continue to rise due to ongoing geopolitical tensions and economic uncertainties.

Central Bank Purchases: Major central banks, including the Reserve Bank of India, have been aggressively buying gold, further supporting its price.

Gold prices have reached unprecedented heights, with MCX Gold surpassing Rs 95,000 per 10 grams, driven by escalating U.S.-China trade tensions and a weakening U.S.dollar.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 17:50:53 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 728 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28097962

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 221 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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