The fluctuation of gold rates is a major concern for most investors. The price of gold is determined by the global demand and supply in the market. Gold is an investment instrument that has been used for centuries to hedge against inflation and economic downturns. It also helps investors hedge against geopolitical risks, such as currency devaluation, trade wars, and sanctions.
The fluctuation in the gold rate doesn't only have an impact on the economy, but also on people's lives. For instance, if the gold rate drastically goes up, it will affect the price of goods and services.
Gold is a non-renewable resource that is used to make jewelry and other items. It is also used as an investment tool because it has historically been a stable asset. Gold has experienced fluctuations in its value over different periods of time due to various factors like economic conditions or political instability.
The fluctuation in the gold rate is a result of many different factors. The most recent one is the trade war between US and China. Gold has been seen as a safe investment for people to make, as it is not affected by inflation.
Gold rates are also affected by the demand for gold in jewelry and industrial use cases. If there is a high demand for gold jewelry, then this will affect the price of gold, which will then affect the overall price of gold. Another factor that affects the fluctuation in the gold rate is how much money countries have to buy it with - if they have a lot of money, then they can buy more gold, which will affect its price.
