Gold Crosses Rs 1 Lakh Mark: What Investors Should Consider

Gold has crossed the Rs 1 lakh mark per 10 grams, catching the attention of many investors and buyers. This rise is mainly because of global economic uncertainty and inflation worries. When people feel unsure about the economy or when prices of goods keep going up, they tend to buy gold as a safe place to keep their money. Also, the weakening of the Indian rupee against the US dollar makes gold more expensive in India, pushing prices higher. 

Another reason for the rally is the ongoing geopolitical tensions and changes in interest rates by central banks around the world. When interest rates are low, gold becomes more attractive since it does not pay interest but holds a better value than cash. At the same time, conflicts and political issues make investors look for assets that can protect their wealth. So, gold benefits as a kind of insurance during these times. 

If you are thinking about buying gold now, it is good to consider your financial goals and how long you plan to keep the investment. Gold can protect your money from inflation and market ups and downs, but its price can also go down sometimes. Buying gold makes sense if you want to save for the long term or add balance to your investments. But if you need quick profits or have short-term plans, gold might not be the best choice right now.