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What is gold and silver trends till Diwali and year end. Gold price predictions 2024 for September month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.
#goldrate #gold #goldprice #goldforecast #GoldPrediction #goldreserves #gold #goldprice #dollar #dedollarization #china #india #USDollar #Goldpricehike #globalcurrency #silverprice #silverrate #Silver #GoldPrediction #24kgold #22kGold #GoldRateNews #GoldPriceNews #GoldRateToday #GoldPriceToday #SilverRateToday
~HT.318~PR.147~ED.148~GR.124~
What is gold and silver trends till Diwali and year end. Gold price predictions 2024 for September month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.
#goldrate #gold #goldprice #goldforecast #GoldPrediction #goldreserves #gold #goldprice #dollar #dedollarization #china #india #USDollar #Goldpricehike #globalcurrency #silverprice #silverrate #Silver #GoldPrediction #24kgold #22kGold #GoldRateNews #GoldPriceNews #GoldRateToday #GoldPriceToday #SilverRateToday
~HT.318~PR.147~ED.148~GR.124~
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NewsTranscript
00:00Sir, there were some recent reports which said that gold can replace the dollar in the near future and can become a new currency.
00:08Because the way we see earlier, there used to be a trade in gold, but after that the dollar took its place.
00:14And now once again the discussion has increased that gold can become a new currency.
00:19Sir, how do you view this?
00:21Gold has been used as a currency from the beginning, but to smoothen the global trade, we have seen that the dollar has been considered a supreme currency.
00:34But since the Covid situation, we have seen that the world is continuously moving towards de-dollarization.
00:43In the year 2002, the global central bank's results showed that the dollar's share was 72%, which has fallen to 58% in the year 2024.
00:53So, we are seeing that in the last 22 years, the dollar's result in the global currency has fallen from 72% to 58%.
01:04So, the world's central banks are continuously moving towards de-dollarization.
01:11So, as the dollar's currency reserves decrease from the global central bank's treasury, gold's reserves will definitely increase.
01:20So, due to de-dollarization, the global central bank's buying will continue to be of gold.
01:27And because of that, in the near future, there is a possibility that the gold prices will continue to be strong.