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[hfe_template id='11223'] [ad_1] The India VIX has been the talk of the town as it jumped by over 91% in May 2024 ahead of India’s election results scheduled next week. Notably, this is the second-highest monthly jump since March 2020. Despite recognizing the importance of tracking the India VIX, many people struggle to understand what an India VIX value of 24 actually means. If the current India VIX reading is 24, it indicates that the Nifty 50 is expected to fluctuate within a 24% range, either up or down, over a year. To calculate the monthly range, divide the yearly range by the square root of 12 (the number of months in a year), which results in approximately 6.93%. This means the monthly range for the India VIX is 6.93% up or down. Similarly, we can calculate the expected weekly and daily fluctuation ranges for the Nifty 50. The below table shows the expected fluctuation range for the Nifty 50 when the India VIX is 24. Yearly Range 24.00% Monthly Range 6.93% Weekly...

[hfe_template id='11223'] [ad_1] Central banks worldwide are playing a pivotal role in driving the ongoing bull run in gold prices. This article aims to dissect the intricate connection between central bank actions and the surge in gold prices, shedding light on the factors contributing to this phenomenon. Understanding Central Banks' gold accumulation Diversification Strategy: Central banks are actively diversifying their foreign exchange reserves by increasing their holdings of gold. This strategic shift aims to reduce reliance on traditional reserve currencies, such as the US dollar, and mitigate associated risks. Hedging Against Inflation: With mounting concerns over rising inflationary pressures, central banks view gold as a reliable hedge against currency depreciation and inflation. Gold's intrinsic value and limited supply make it an attractive asset for preserving purchasing power in times of economic uncertainty. Impact on Gold Prices: The influx of g...