Gold prices have turned volatile in recent times. The domestic markets surged to levels of Rs 44,000 per ten grams by the mid of March but soon crashed to Rs 40,000.
In international spot markets, Gold rose to levels of $1600 per troy ounce (31.1035 grams), sunk to $1470 and then snapped to $1540 levels [data as on 18th March'20]. The trend signifies extreme volatility.
The two major set of factors that influence gold rates are international factors and then domestic ones in high-consumption geographies such as India and China. Keen on knowing what are the factors that cause spikes or slumps in Gold? Here are 9 factors that cause volatility in Gold and Silver rates.
Authored by Sify Finance. Other disclaimers on last slide.
Text: Sify , Finance Desk
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