What makes gold so expensive? know the factors behind
Gold Price Today- 18May and What makes gold so expensive? know the factors behind: Gold price is trending high since the last week. As of 18May, 24-carat gold is ₹9,513 per gram, 22carat gold is priced at ₹8,720 per gram and 18carat gold is priced at ₹7,185 per gram. There can be mild difference city-wise. For instance, the price of 18carat gold in Chennai is ₹71,850 per 10g where as 18carat in Bangalore is ₹71,135 per 10g.
And according to experts, below could be the possible reason behind the fluctuation of gold price. Change in any of the factor can influence the price of gold either increasing or decreasing. Financial institutions and Analysts along with experts are actively researching and analyzing the dynamics affecting the price of gold in the mid-May 2025. Also, according to David Einhorn, an American investor, the increase in gold price is nothing to do with the inflation whereas it could be because of eroding confidence in U.S. fiscal and monetary policies. However, this is not proven yet. And Mohamed El-Erian, Egyptian American economist and businessman shares the same concern.
And other economist like, Edward Yardeni, Israeli-born American economist predicts that gold could surge to $3,500 per ounce.
