The World Gold Council, through its Regional CEO for India, Sachin Jain, has affirmed that gold continues to be a robust asset class, notwithstanding recent price decreases attributed to geopolitical uncertainties and market volatilities. Jain emphasized that the drop in prices was expected and should not be perceived as a signal for panic selling. The demand for gold remains high, fueled by central bank activities and global geopolitical tensions, positioning it as a dependable option for long-term investments.
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World Gold Council: Gold Still Strong Amid Price Drops; CEO Sachin Jain Assures Investors, Citing Central Banks and Geopolitical Demand
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Indian rupee tumbles 38 paise to 85.82 against USD amid global market volatility and economic concerns.
