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Gold Prices Soar as Stock Market Struggles

Gold Prices Soar as Stock Market Struggles

As stock markets face steep declines, gold shines brightly as a safe-haven investment. Recently, the Nifty50 index fell nearly 2%, while gold prices surged by over 9.2% in just four months. With gold reaching approximately Rs 85,114 per 10 grams, a significant rise from Rs 62,135 a year ago, it has outperformed the struggling stock market. Global factors like inflation, geopolitical tensions, and central banks' heavy gold purchases have driven this surge. Investors increasingly turn to gold during economic uncertainty, reinforcing its status as a reliable asset for preserving value.

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