Gold prices have doubled in the past five years, according to John Reade, Chief Market Strategist at the World Gold Council. The surge, unaffected by the dollar’s value, reflects global crises such as COVID-19 and geopolitical tensions.
Reade highlighted gold’s stability amidst market fluctuations and its increased demand, particularly in emerging markets like Egypt, India, and China. He anticipates further price increases driven by consistent central bank purchases.
Andrew Naylor, Regional CEO for the Middle East at the World Gold Council, noted significant gold trade growth in Turkey and Egypt, with plans to enhance Egypt’s gold market infrastructure. Sameh Eltorgoman, CEO of Evolve Investment Holding, expressed commitment to advancing Egypt’s gold markets in collaboration with the World Gold Council.
Disclaimer: Jewel Bharat aims to provide accurate and reliable information. Readers are encouraged to contact@jewelbharat.com to report any concerns regarding the content. Appropriate corrective measures, including potential removal of the article from the website, will be taken following investigation.
Related Coverage
India’s Gem & Jewellery Exports Rebound 26.51% in June as Global Demand Strengthens
GJC and SGL Partner to Launch Dedicated Diamond Certification Pavilion at GJS Diwali Edition 2026
India–UK CETA Comes Alive as Mumbai Flags Off First Jewellery Export Consignment to the UK
India Opens Door to Global Diamond Auctions as Rapaport Debuts Pre-Auction Viewing in Mumbai
GJEPC’s IIGJ Lab Opens Collection Centre in Jaipur to Bring Trusted Gemstone Certification Closer to the Trade
