Diksha Karhade
News Editor
Since the BJP government came to power at the center, the price of gold has increased tremendously and is increasing continuously. During the Congress government, a tola of gold cost Rs 30,000. Now, in just 11 years during the BJP’s rule, the same gold has increased to over Rs 1 lakh per tola.
During the BJP’s rule, the pockets of all common citizens are being looted by increasing the prices of every commodity.
While continuously increasing the price of gold, international currencies are being promoted. Reasons such as global economic instability, weakness of the dollar, and low interest rate environment are being promoted.
Due to this, it is being said that gold prices may increase again in the future. Therefore, common citizens of India should stop buying gold.
It is also said that the demand for gold is increasing as investors are looking for a safe haven.
If the value of the dollar decreases (e.g., the dollar index falls below 100), gold becomes more attractive to other investors, which increases gold prices.
At the same time, a low interest rate environment has been shown to make it attractive to invest in gold, which increases its demand and increases prices.
Global geopolitical tensions or instability lead to increased investment in safe-haven assets like gold, says Divya Marathi.
Goldman Sachs, in particular, has predicted a 6% increase by mid-2026.
The Economic Times said that global ETF flows, increased demand, and inflation will continue to affect gold prices.
Gold prices are likely to decline in some quarters and in January 2025, as factors such as a strong US dollar, rising interest rates, and low demand can be the cause. However, geopolitical tensions, increased demand during the festive season, and economic uncertainty can also increase gold prices, making it difficult to make a definitive prediction regarding gold prices.
Due to fear of economic recession or uncertainty, people consider gold as a safe investment, which is why the price of gold is increasing rapidly.
Since the population of India is higher than that of the world, there is a large gold market here. At the same time, importance is given to buying gold in India according to the days of auspiciousness and according to wedding ceremonies.
Due to this, the huge and unimaginable increase of Rs 1 tola per 10000 rupees during the BJP’s central government in India is beyond comprehension.
Similarly, the huge increase in the price of gold in 11 years is surprising and surprising, so is this not a business to rob the citizens of the country and ruin their financial situation? It is starting to be suspected…
Therefore, if the citizens of India stop buying gold, the price of gold will fall.
