The year ended on a stronger note for gold. The demand for gold surged thanks in part to the high crop prices that farmers in rural India are getting for their produce. It’s clear that gold has a great influence on the economy of a country. According to the Economic Times of India, the demand for gold rose in India as a result of farmers getting more for their crops. Clearly, it has been a good harvest judging by the 15% rise in gold purchases in December. The rising prices of crops like Soybeans, cotton and guar have boosted farming income.
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Should You Take Advantage From Diwali to Profit This Year?
Investors often see Indian festivities as an opportunity to profit from the gold market. If the conditions are set, there is money to earn in this sector. Are the conditions ideal for the upcoming Diwali?
