Explainer: Why gold is hitting new highs, leaving dollar behind

Business Oct 18, 2025

Gold just hit a new high in India—₹1,29,580 per 10gm for 24K—right as everyone gears up for Dhanteras and Diwali shopping.

Gold's global rise

If you're thinking about gold, here's why: demand is booming for the festive season, but there's also a bigger global story.
Gold now makes up 30% of global reserves (up from 24% since June 2025), while the dollar's share keeps slipping.
Basically, gold is getting more love as a safe bet when things feel uncertain.

Gold's appeal during uncertainty

People and central banks are turning to gold because it holds up well during economic and political ups and downs.
With policy changes and trade tensions making the dollar less attractive, gold stands out as a steady option—especially when markets are jumpy.