Gold and Silver Prices in India: In a major development, the Gold prices have crossed Rs 63,000 again while the silver has reached around 72,000. This week, there has been an increase in the prices of gold and silver.
India will continue to see a rise in gold consumption due to increasing prosperity within the middle class and growing awareness about the importance of gold in portfolios. The country needs to prepare for a surge in demand as it becomes more prosperous. While consumers may not fully understand how gold interacts with other assets, recent local and global events have demonstrated its resilience during times of uncertainty.
Somasundaram PR: India will continue to see a rise in gold consumption due to increasing prosperity within the middle class and growing awareness about the importance of gold in portfolios. The country needs to prepare for a surge in demand as it becomes more prosperous. While consumers may not fully understand how gold interacts with other assets, recent local and global events have demonstrated its resilience during times of uncertainty.