đĄ Understanding the Value of Gold: Prices, Global Reserves & Market Trends
Gold prices have quadrupled over the past decade, as investors flock to the metal amid economic uncertainty and rising geopolitical tensions.
đ Key Facts
Gold hit an all-time high of $5,600/oz on Jan 29, 2026, before cooling below $5,000
Gold is priced globally in US dollars per troy ounce (31.1g)
Purity matters: 24K (99.9%) is used for bars/coins, while 22K & 18K dominate jewellery markets
Local gold prices vary due to currency conversion, taxes, import duties, and dealer premiums
Over 10 years, gold surged from ~$1,250 (2016) to ~$5,000 (2026)
đŠ Global Reserves
US holds the largest gold reserves: 8,133 tonnes
Followed by Germany (3,350t) and Italy (2,451t)
Central banks are increasing gold holdings to reduce reliance on fiat currencies
đ§ Expert Insight
Goldâs rise isnât just about price speculation â it reflects a structural shift toward hard assets as trust in currencies weakens and geopolitical risks intensify.
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