Gold prices soar! Safe-haven appeal, festive demand drive gold rates up Rs 1,500 in just a day; analysts expect further rise

Quick Summary:

Increased footfalls at Zaveri Bazaar indicate heightened consumer demand, driven by the Navratri festival and upcoming wedding season.

Gold prices surged to Rs 78,300 per 10 gm amidst Middle East tensions and lower US bond yields on Wednesday.

Market experts suggest raising gold investment to 25% due to strong returns.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaIsraelSingapore

Topics: Navratri Festival Business news Gold price outlook Gold rate today Gold returns Gold Jewelry Demand Gold Prices Middle east tensions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 14:43:03 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22859909

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