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

Gold prices surged to Rs 78,300 per 10 gm amidst Middle East tensions and lower US bond yields on Wednesday. Increased footfalls at Zaveri Bazaar indicate heightened consumer demand, driven by the Navratri festival and upcoming wedding season. Market experts suggest raising gold investment to 25% due to strong returns.

Oct 3, 2024 - 12:30
Gold prices soar! Safe-haven appeal, festive demand drive gold rates up Rs 1,500 in just a day; analysts expect further rise

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Gold prices surged to Rs 78,300 per 10 gm amidst Middle East tensions and lower US bond yields on Wednesday. Increased footfalls at Zaveri Bazaar indicate heightened consumer demand, driven by the Navratri festival and upcoming wedding season. Market experts suggest raising gold investment to 25% due to strong returns.
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