Challenges to Gold reach in ₹1 lakh

Challenges to Gold reach in ₹1 lakh

Blog Article

 

While many factors support rising gold prices, some challenges could slow it: 

 

• Higher interest rate: If the bank of a better interest rate, people may prefer a savings account over gold.

• Stock market recovery: If the stock market performs well, investor may put their money in stock instead of gold.

• Government policies: If the government increases import duties on gold, it may reduce demand.

• New investment options: With the rise of cryptocurrencies and other digital assets, some investors may choose alternatives over gold.

 

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