Worldwide demand for gold is increasing dramatically. This week, the price of an ounce of the metal exceeded USD 2,000, and experts expect the price of gold to reach USD 2,100 next year.
Tornike Samkharadze, executive director of the "Zarapxana", spoke about the reasons for the increase in the price of gold during his visit to "Business Evening".
"Gold is the most reliable asset, in which investors make a decision to invest money when there are crises in the world. During such a period, the price of gold increases instantly, for example, this is what happened during the start of the COVID pandemic, when the price of an ounce of gold increased from USD 1,400 to USD 2,000. During this period, the price of gold in Georgia increased from GEL 138 to GEL 204.
In addition, demand for gold naturally increases in November-December, which is connected to the New Year period, when the demand for jewelry gifts and gold is growing every year," said Tornike Samkharadze on the air of "Business Evening".
