Festival season is approaching and a lot of us will end up buying Gold. Today let’s look at 5 factors that affect gold prices

1. International markets
Most of our gold is imported. Hence our local Indian price is decided by spot prices in the London bullion market

2. Demand and Supply
Gold is also a commodity and like others follows the rules of demand and supply
If supply is less and demand is more prices go up
Most of the gold in India is part of Government reserves. If RBI decided to buy gold and the demand remains the same the prices of gold will go up

3. Inflation
If inflation in a country is high people end up investing in gold because it is considered to be a secured investment

4. Rupee Volatility
When the value of rupee reduces we have to pay more for the same amount of gold while importing
Hence when rupee goes down gold prices go up

5. Government taxes
When we import gold lot of custom duty and taxes are levied on it
If the slabs of any of these change gold prices will change

If you found this useful do share
Do follow the channel for more useful content on personal finance

#reels #reelsinstagram #money #personalfinance #inflation #gold #goldprice #rupeevsdollar #rupees
————————————————————————————————————————————————————–
Other Videos of the channel:
5 personal finance tips for married couples:
4 points on PMJJBY( Prime Ministers Jeevan Jyoti Bima Yojana)
Benefits of having a home loan:

————————————————————————————————————————————————————-
Who am I

Hello Boys & Girls! Welcome to Gayatri’s Advisory. I am an Engineer turned banker turned insurance professional. While working for an insurance company I realised that the knowledge of financial products & personal finance in our country in abysmal hence there is a huge reliance on third party distributors like agents,brokers who may not have the best interests of the customers at heart. Through this channel I want to bridge this knowledge gap step by step. Every video I intend to take a topic complicating the financial product and will break it down through examples and analogies. The final goal of the channel is to make viewers completely self reliant with respect to financial knowledge.

Items used in the video:
Wallpaper:
Mic for recording:

Ring Light:

Tripod :

Recording done on : …(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing