Indians Gold Buying: Gold prices have been continuously rising for some time. Now a report has claimed that Indians are also responsible to a great extent for this. It has been said in the report that the gold rates are continuously rising due to the huge purchases being made by the people of Asia. People of India are also purchasing gold on a large scale. This is the reason why gold prices have jumped by about 11 percent in the last few weeks.
Shopping is happening all over Asia including India
Goldman Sachs (Goldman Sachs has said in its report that many factors are responsible for the rise in gold prices. But, one of the major reasons is the purchases being made by the people of entire Asia including India. Apart from this, central banks of emerging countries are also purchasing gold on a large scale. These things are affecting the whole world and the prices of gold are continuously rising. In the last two months alone, gold rates have increased by more than 17 percent.
The impact of Middle East tension is also visible
Goldman Sachs experts estimate that such a high price of gold is not appropriate for the market. Generally gold, currency and real estate are seen linked together. Rapid rise or fall of any one of these is not good for the others. Apart from this, the current tension in the Middle East and political changes taking place across the world have also affected the prices of gold. The war between Israel and Hamas was going on for several months and on Saturday, Iran added fuel to this fire by carrying out drone attacks on Israel.
Sleeping can stop only with these things
The report says that if a peaceful solution to the conflicts in the Middle East is found, the Central Bank reduces its purchases and the question marks over China's economic progress are erased, then gold prices may stabilize. If this does not happen then it is not easy to stop the rising prices of gold.
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