gold in india touches a new all time high ..

As of July 1 , 2020 , gold in india touched a new all time high of INR 50,000 per 10 grams

this is due to a combination of factors

  • a weakening rupee
  • global demand for gold in terms of risk aversion
  • countries printing money freely – causing a currency de-valuation

and it looks like the gold bugs will be happy in the future as well …

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