Investors don't have faith in currencies, hence rushing to buy gold: FM

Pravel Jain, Published on Feb 2nd, 2026

Investors don't have faith in currencies, hence rushing to buy gold: FM

Finance Minister Nirmala Sitharaman said that the volatility in gold prices has been due to global uncertainties, PTI reported. She added that these uncertainties have also prompted central banks to invest in gold. "It also shows that investors do not have confidence in any one particular currency, and hence the rush to buy gold," Sitharaman further stated.

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