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Home Business Gold price in India rose by Rs 4,000 in 10 days, imports expected to drop

Gold price in India rose by Rs 4,000 in 10 days, imports expected to drop

by endroar
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Researchers believe that there is no special relationship between gold price and inflation. According to researchers, fear and panic are the main reasons behind the rise in gold prices. Ever since the Great Depression of the 1930s, it has been seen that when a crisis occurs, the price of gold rises.

According to data from GoldPrice.com, during the 1970 crisis, the price of gold rose by $35 to $525 an ounce; In 1980, that rate rose to $615. By 1990, it had dropped to $383.

But in 2008, when the economic crisis occurred again, the price of gold increased a lot that year. Then the price rose to 1 thousand 900 dollars. Sometimes, however, the price of gold fell to 1 thousand 49 dollars around 2015, but it did not stay at that price for long. Since then the price has only gone up.

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