Gold Rate In Dibrugarh Today

Factors Affecting Gold Price in Dibrugarh

The following are the factors affecting gold price in Dibrugarh:

1. Inflation: The rise in the prices of goods and services plays a significant role in the impact of gold rates. Inflation is directly proportional to the change in the gold rates. This means higher level of inflation leads to the rise in the prices of gold because the currency value reduces.
2. The Indian Jewellery Market: In India, gold is considered as a strategic asset which also acts as an integral part of the Indian culture. Whether it is a wedding or festivals like Diwali, golds holds a special place in Indian culture. Thus, during festivals and wedding seasons, the gold prices increase significantly.
3. Interest Rates: Gold prices as well as interest rates have an inverse relationship. For instance, the increase rate of interest, people usually sell the gold for earning higher profit. Thus, if the interest rate decreases, more and more people opt to purchase more gold which leads to rise in its demand and price.
4. Rupee-Dollar Impact: The changes in rupee dollar value also affect the gold prices in India. Thus, the physical gold is imported, there will be an appreciation in the gold rates in rupee terms, if rupee weakens against the dollar.