THE YEAR 2024 has so far, been a dazzling one for gold, which has recorded a new high of more than ₹73,000 per 10 gm on the MCX in 2024. The prices are up by more than 10% this year, outperforming the Nifty.
The current bullish trend in gold prices is attributed to several factors, including heightened global tensions and increased central bank buying worldwide. Geopolitical risks stemming from conflicts between Ukraine and Russia, and Iran and Israel have fueled the bullion’s demand as a safe-haven asset.
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