Question

    Which factor contributed the most to the 60% surge in

    India’s gold investments in 2024?
    A Reduction in import duties on gold Correct Answer Incorrect Answer
    B Declining stock market performance and global economic uncertainty Correct Answer Incorrect Answer
    C Increase in diamond exports Correct Answer Incorrect Answer
    D Strengthening of the Indian Rupee against the US Dollar Correct Answer Incorrect Answer
    E Reduction in global gold prices Correct Answer Incorrect Answer

    Solution

    The 60% surge in gold investments in India was primarily due to declining stock market performance and global economic uncertainty, leading to a shift towards safe-haven assets.

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