When the Indian Rupee started losing value the Indian government purchased gold as an inflation hedge. India purchases gold as a short term defensive move against the USD which kept up the price of gold.
Alternatively had India not held up the gold price it would be around $1400 to $1500 usd now.
Ann: Becoming a substantial holder from MQG, page-30
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |