These Factors Affecting to Gold Price

Gold is an integral part of Indian culture, considered auspicious for festivals, weddings and gifts. India is one of the largest consumers of gold in the world. Gold prices in India are affected by both global and domestic factors.

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International gold rates

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Exchange rates

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Global economic stability

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Import duties and taxes

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Gold demand

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Reserve Bank of India

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These Factors Affecting to Gold Price

Gold is an integral part of Indian culture, considered auspicious for festivals, weddings and gifts. India is one of the largest consumers of gold in the world. Gold prices in India are affected by both global and domestic factors.

International gold rates

Indian gold prices follow global rates which depend on international supply and demand.

Exchange rates

Since gold is traded in dollars internationally, rupee-dollar exchange rate impacts domestic gold prices. Rupee depreciation raises gold prices in India.

Global economic stability

Gold as a safe haven asset sees higher demand during global uncertainties, raising its price.

Import duties and taxes

These account for up to 25% of gold prices in India. Changes in import duties affect domestic prices.

Gold demand

Higher demand during festivals and wedding season leads to higher prices. Rural demand plays a key role.

Reserve Bank of India

RBI intervenes in gold markets to stabilize prices. It impacts prices through gold-related schemes and promoting gold-backed bonds.

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