New Delhi : Wedding season is going to start soon in India. Often, there is a huge increase in gold prices in this season. Gold is not only considered as an ornament but it is also considered an auspicious omen. Whenever the demand for gold increases, there is a huge jump in the prices of gold. However, for some time now, fluctuations are being seen in the market regarding gold prices. After the falling prices of gold, suddenly this week there is a huge rise in the prices of gold. After this increase, the question remains as to why there has been a sudden increase in the price of gold.
The Indian stock market has been witnessing turmoil for the last few weeks. Due to the continuous fall of the stock market and geopolitical concerns, investors have kept gold at the top of their investment options. In such times, gold is being seen as the best and safest option for investment. In this time of trouble, not only the country but also foreign investors have supported the decision to invest in gold. Due to increasing investment in it, its prices are also increasing. Not only this, the prices of silver are also rising.
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change in circumstances
Since the victory of Donald Trump in the presidential elections held in America, a change in the situation is being seen in the Asian and foreign markets. Due to this victory of Donald Trump, the Indian and global markets are thinking that due to the intervention of Donald Trump, the war can end. In such a situation, a ban was imposed on investing in gold and silver, due to which its price fell. However the result has been the opposite. Instead of stopping the war, America has allowed Ukraine to use American missiles to defeat Russia. After this the circumstances have completely changed. Due to which the prices of gold have also increased.
fall in gold prices
Now it is being said that gold prices may fall only after the New Year. On January 20, Donald Trump can replace former US President Joe Biden. Any decision regarding war can be taken only after Trump assumes the responsibility of the presidency.
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