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      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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