Gold Prices Soar: Economist Anand Srinivasan Warns of Further Rise, Advises Caution
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News18•30-01-2026, 14:22
Gold Prices Soar: Economist Anand Srinivasan Warns of Further Rise, Advises Caution
- •Gold prices surged significantly, with a Rs 1,190 per gram increase, impacting jewellery buyers.
- •Economist Anand Srinivasan attributes the rally to excessive money printing and gold's safe-haven appeal.
- •Srinivasan had accurately predicted gold crossing Rs 10,000 years ago and noted its faster-than-expected rise to current levels.
- •He differentiates gold as an investment asset accumulated by governments and RBI, while silver is more industrial and speculative.
- •Srinivasan advises caution for investors, suggesting waiting before investing and noting that while a correction is possible, jewellery gold is unlikely to fall below Rs 12,000 per gram.
Why It Matters: Gold prices are soaring due to currency devaluation; economist Anand Srinivasan advises caution for investors.
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