Gold Frenzy

2024 • 1 Season • Business

Informative

The dollar seems to be losing its sheen in the present global geopolitical scenario. Central banks are increasing their gold reserves. Sanctions on Russia and its allies have further driven economies towards gold as an alternative to dollar. With cuts in Fed rates, retail demand for gold is on the upswing as well. Is the world moving back to the gold standard in determining the strength of economies? News9 explores the reasons behind the global frenzy towards gold in recent times.

EpisodesDetails

Season 1

Between 2022 and May 2024, China’s gold reserve grew by over 300 tonnes. India's gold reserve, held domestically, surged by 40% between March 2019 and March 2024. With confidence in the dollar on the slide, even consumers are stocking up on gold. Explore what the frenzy is all about.

Bullion prices in the US have risen from $2060 per troy ounce in January to $2650 in October. In India they’ve gone up from 66,220 rupees per 10 grams to 78,345 rupees during the same period. What’s more. With the festive season on, it is that time of the year when love and fear trading scenarios come together. However, there anxiety amongst investors with respect to how much steam is left in the bullion gravy train. News9 Plus explores.