Charted: Gold prices in India won’t fall any time soon

Charted: Gold prices in India won’t fall any time soon

Indian shoppers who plan to buy gold during the upcoming festive season may be in for a rude shock. Prices of the yellow metal are unlikely to cool off any time soon as investors continue to remain jittery about the global economy amid the Covid-19 pandemic, and plow their money in gold, which is often considered a “safe haven.” In the first week of August, gold prices touched a lifetime high and currently hover around that level.