desk
Share
News Topical, Digital Desk : Gold prices have been rising for the past three to four years, but 2025 has seen a dramatic increase. Gold prices have hit an all-time high of ₹193,096 on the MCX. The question is why is gold so high, and will it continue or will it see a significant decline? The CEO of the World Gold Council has provided the answer. WGC CEO David Tait has given two reasons for the rise in gold prices.
Speaking at the Rising India Summit 2026, David Tait (World Gold Council CEO) said on Friday that gold prices are rising due to geopolitical uncertainty and continued buying by central banks. Tait said that geopolitical risks, along with stable demand from central banks, remain the key drivers of rising global gold prices.
Prices may fall in this condition
David Tait said a significant decline in gold prices would only occur if US economic growth rebounds strongly (to around 6-7 percent), accompanied by a modest increase in inflation, which could lead to a reduction in public debt, but he described the likelihood of such an outcome as "very low." Tait said investment demand for gold increased last year and is expected to remain strong globally.
David Tait, CEO of the World Gold Council, said that gold prices are rising due to geopolitical risks, growing concerns about global debt sustainability, and continued gold purchases by central banks. He said that central banks around the world will continue to increase their gold reserves. David Tait said that India still lags behind Western central banks in terms of gold accumulation.
Read More: Third quarter GDP may increase, what is the reason? Learn everything from the report.
--Advertisement--
