CLEAN : Bling no longer king in India as gold loses its shine

The video discusses the economic impact of COVID-19 in India, highlighting a significant downturn in business activities due to reduced consumer spending and cash shortages. It then shifts focus to the gold market, noting a 60% increase in gold prices since 2019, which has led to a rise in loans against gold. The video concludes by explaining how gold is perceived as a safe investment during economic downturns, emphasizing its cultural significance in India.

What is one of the main reasons for the decline in business activities in India?

• Businesses are opening more stores.

• People are staying at home and not spending.

• People are spending more money.

• The government has increased taxes.

How might the development of a COVID-19 vaccine affect the economy?

• It will cause gold prices to drop.

• It will lead to more people staying at home.

• It will have no impact.

• It will encourage people to go out and spend more.

What is one reason people might buy less gold despite upcoming weddings?

• There are fewer weddings than usual.

• Gold prices have increased significantly.

• Gold is no longer culturally significant.

• Gold prices have decreased.

What is a key factor driving the growth of the loan against gold business?

• Low interest rates.

• Government subsidies.

• High interest rates.

• Decreasing demand for gold.

Why is gold considered a safe investment during economic downturns?

• It is very liquid and acts as a safe haven.

• It is culturally significant in India.

• It is cheaper than other investments.

• It is not affected by market changes.