Gold rush during Covid-19: Here’s all you need to know

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Even after Covid induced recession and inflation hit the country, the tendency among people to buy gold also showed an increase. During the pandemic, gold witnessed a sharp rally, which was led by uncertainty gripping the world and investors rushing towards a safer haven. In this one year of lockdown, gold made a lifetime high of Rs 56,191 in the domestic markets and $ 2075 per ounce levels internationally. India’s average households consider gold as an investment and keep it safe as an emergency corpus. When the Covid-19 outbreak hit, most of them utilised their gold to sustain the financial challenges posed by the pandemic.

Watch the full video to know more about gold as an investment and the current bullion market scenario…