Trending why gold becomes expensive around the world? The price of gold makes a new record every day. It is alleged that his rates can soon reach one lakh calls. Let us know the reason for this. In fact, world investors are moving towards gold due to the constant drop of the dollar. Poor dollar means that investment in gold is more beneficial. India imports 85 percent of the gold. The dollar fall has a direct influence on the domestic market. This is why gold is getting more and more expensive. In 2024, central banks from all over the world bought record gold. India’s RBI also extended 72.6 tonnes of gold in its store this year. It is an attempt to reduce the dependence on dollars to invest more of governments in gold. Goldman Sachs has warned that the US could have a slowdown in the next year. As the interest rates fall, the glow of gold is increasing. People’s confidence in ETFs related to gold has increased. In February 2025, the investment in ETF increased by 98 percent. Investment in ETF shows that investors from physical gold go to digital gold. The trade war between China and America has strengthened. At such a time, people turn to gold to keep their money safe. Goldman Sachs is of the opinion that if the situation worsens, gold can reach $ 4500 per ounce. Click here Life & Style Click for more stories Click here
Why is gold expensive in the whole world?
