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  All You Need To Know as November Ends With A High Gold Price Gold traded on the higher side of the Multi Commodity Exchange (MCX) in the last week of November. The price of the precious metal depends on various factors, including the value of the rupee against the dollar. The demand for gold globally also impacts the gold trends observed in our country. In Kolkata, the price of  22K gold  was around  ₹ 57,700 per 10 grams  in the last week of November. Both US Dollar and US Treasuries are major reserve and safe-haven assets, and Gold is inversely correlated with them.  Gold prices rise when the Dollar declines  as gold investors want to diversify their assets in turbulent times. The precious yellow metal is also inversely related to risk assets. Gold prices weaken when there is a rally in the stock market and become high during sell-offs in riskier markets. A Closer Look at the Gold Price Last Week If you are planning to buy and sell digital gold, a ...

  Drastic Fall in Gold Price in December! Ideal Time For Digital Gold Purchase As we enter the third week of December, the price of gold in India  went as low as ₹ 5,304 per gram of 24-carat gold . There was around  0.22% fall in the gold price  as compared to the previous day when gold price was around  ₹ 5,316 per gram . When compared with the previous week,  gold prices dropped by around 7.04% . The sudden fall in gold prices makes it the ideal time for online  digital gold investment . According to a survey, someone purchasing one gram of 24-carat digital gold now has a chance of getting an average annualized return of 5% if the digital gold is redeemed after 5 years. A Brief Glimpse at Last Week’s Gold Price Worldwide Though spot gold prices hit an all-time high when December started, last week it went down by around  3.3%  and touched a two-weeks low of  $1994/oz . The sudden fall in the price of the yellow metal was caused due to ...

  Know About The Recent Gold Price Upsurge Before Buying E-Gold This New Year The recent hike in gold prices has been quite a delight for existing e-gold investors. The primary reasons behind the upsurge are geopolitical risks, moderation in the USD and global economic uncertainties. The Reserve Bank of India stopped increasing their gold holdings in November and the price of the yellow metal increased further. The demand for bridal jewellery also had a large impact on domestic gold consumption in the last few months. Gold Price Upsurge from October to December Though the gold price has not surged uniformly, it has risen by almost 10% in The London Bullion Market Association from  early October to mid-December . Geopolitical tension, a fall in bold yields, an easier monetary policy environment and weakening US dollar fuelled investors’ appetite for e-gold.  Spot gold price rose by almost 1.6% and reached a three-week high of $2070/oz in the third week of December . Demand...

  Know The Common Reasons Behind The Recent Gold Rate Fluctuations As Fabrizio Moreira quoted, “Investing in gold is one of the wisest decisions that you can make as an investor.” Gold is not just an investment option for Indians but integrated with our socio-cultural roots. Though the precious yellow metal has shown stable growth in the last few decades, there has been frequent gold rate fluctuations in the last few weeks. In the second week of December, spot gold prices  went down by around 3.3%  and touched a  two-weeks low of $1994/oz . Again, in the third week of December, spot gold price  rose around 0.8%  and hit more than  a week's high of $2047/oz . The two common reasons behind frequent fluctuations in the gold rate are instability in the financial world and geopolitical events. Digital gold investors can safeguard their portfolio by knowing the common reasons behind such frequent gold price fluctuations. Key Factors Behind Fluctuations in Go...