Reasons why the yellow metal is sparkling amid global tensions
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Gold, which has been a safe haven for traditional investors is proving to be the best bet in 2019 when compared to other investment avenues. It is beating returns derived from mutual funds, equities, real-estate and fixed deposits. On August 5, 2019, gold gained Rs 800 to hit a new all-time high of Rs 36,970 per ten grams. Whenever there is a sign of crisis in the economy, gold prices tend to show an appreciation, as gold is a financial instrument that does not lose its value even in a crisis. In times, when the global market scenario is bleak and slowdown has begun to take its toll on global growth, prices of gold are expected to rise even further in the coming year. Here are 5 key points that have led gold to shoot up in value.