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Gold and silver take centre stage during the festive season in India as reliable investment bets. They are also seen as a hedge in times of economic uncertainty or geopolitical tensions, like the current war in the middle east. Though both metals have largely underperformed the stock market in recent years, they rose sharply after hostilities started in Gaza. Business Today magazine’s The Point decodes gold price, silver rate outlook and other key figures. Watch this Visual Story to know more. ....
In Mumbai, India’s financial and film capital that is home to 21 million people, the Ganesh festival is also seen as the state’s biggest economic trigger. ....
The period from October to December is the peak of wedding season in India. Key festivals like Diwali and Dussehra usually fall during the same period. Traditionally, this period is a significant driver for gold demand and thus, the metal prices. ....