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Gold Demand Surges as Dollar Retreats: Kanpur Bullion Traders Forecast Further Price Increases
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Gold Demand Soars Amid Global Tensions: Kanpur Traders Predict Further Price Hikes
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News18
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03-03-2026, 13:35
Gold Demand Soars Amid Global Tensions: Kanpur Traders Predict Further Price Hikes
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Rising Iran-Israel-America tensions fuel gold and silver price surge, impacting common people's pockets.
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Gold acts as a 'safe haven' investment during global uncertainty, drawing investors from stock markets.
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Central banks worldwide, including India's RBI, are increasing gold reserves, reducing market supply and driving prices up.
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Countries are diversifying away from the dollar in international trade, using local currencies or gold, boosting demand.
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Kanpur bullion traders anticipate continued price increases if global tensions and central bank purchases persist.
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