After all, why the rates of gold are constantly increasing? Know here how much price has risen over the past one week

Buying gold in India is considered a good way of investing. People have been trying to buy their savings gold for centuries. Over the past few days there has been a decline in gold purchases, but once again gold purchases have increased. This refusal is seen at a time when gold prices are constantly rising. The increase in gold prices over the past 7 days has broken its own records. The question arises that why does gold become so expensive? Why is the question in inflation increasing? The influence of the US tariff has changed the price of gold since the announcement of the tariff by Donald Trump. In fact, on April 2, the US announced rates, after which gold prices dropped from Rs 93,750 per 10 grams to Rs 90,600 per 10 grams on April 8. Then, when the tariff was postponed, the gold prices were surprised again. Since April 8, there has been a steady increase in gold prices. On April 17, the price of gold with Rs 7,100 rose to Rs 97.700 per 10 grams. With this, gold broke all its previous records in just 5 days. Meanwhile, people who bought gold at a price of Rs 90,600 on April 8 earned a 7.84 percent profit in 7 days. The price of 24 carat (per 10 grams) of gold in India crossed 98 thousand. The demand for gold is increasing despite the ongoing inflation due to Akshaya Tritiya. After Dhanteras, Akshaya Tritiya is the festival at which most jewelry is bought. Akshaya Tritiya is celebrated in the country on April 30, so people buy gold before. It is estimated that the price of gold can be seen again in the next two weeks. In addition, there are marriages in May and June, which also increases gold purchases. In light of the way gold prices rise, investors buy gold. Share this story -tags