- Economic Uncertainty: When there’s instability in the economy, people buy gold as a safe investment, which pushes prices higher.
- Weak Currency: If currencies like the rupee or dollar weaken, gold becomes more expensive, leading to higher prices.
- Inflation: Gold is often bought to protect against inflation, so when inflation rises, gold prices can go up.
- Lower Interest Rates: When central banks lower interest rates, people prefer investing in gold, which increases demand and raises prices.
- Higher Demand: If more people or businesses buy gold, its price can go up.
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