A hundred years ago, the price of an ounce of gold – about 30 grams, that is – was around USD20, and for the preceding 200 years, that price had barely changed. By 1970, it had increased slightly, to about USD35, but since then the price has undergone a dramatic rise. Today, the price of an ounce of gold is more than USD2,300, not far off its highest price ever, which occurred in May 2024. Among other factors, Russia’s invasion of Ukraine and the war in Gaza have significantly impacted gold prices.
In modern times, gold’s highest prices have tended to correlate with periods of economic uncertainty, high inflation, and conflict. The largest ever spike in the price of gold occurred in 1980, when the inflation-adjusted price peaked at USD2,645, as high inflation due to strong oil prices and the Soviet intervention in Afghanistan prompted investors to move into the metal. Gold has been seen as a haven asset during geopolitical tension and market downturns.
▴ In Hinduism, gold signifies purity and prosperity, and gold jewellery has been an intrinsic part of India’s history for thousands of years
▴Plastic ornamental containers that look like gold ingots are popular during festive occasions, but real gold is also serious business in China
Gold is considered to be auspicious, especially in Hindu and Jain cultures.
هذه القصة مأخوذة من طبعة AG 164 من ASIAN Geographic.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة AG 164 من ASIAN Geographic.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
A Spectrum Of Scarlet: The Symbolic Red Of Asian Flags
A common thread that unites many Asian flags is the prominent use of red, a colour rich with symbolism
Curry: A World of Flavour, Tradition, and Culture
From its humble beginnings in India, the concept of "curry" has evolved into a culinary language understood around the world
The Power Of Asian Red Fruits - Discover 10 Nutrient-Rich Gems Of The East
In the vast tapestry of Nature, Asia has gifted the world an array of unique and vibrant fruits, particularly those in shades of red. These scarlet-hued gems, packed with flavour and nutrients, not only add a burst of colour to your plate but also carry valuable health benefits. From antioxidant-rich goji berries to the exotic dragon fruit, let's explore some of the most popular red fruits from Asia and discover why they should be part of your diet.
Bhutan: A World Of Its Own
With its majestic monasteries, red-robed monks, charming rural villages, and vibrant festivals, the Kingdom of Bhutan is a Himalayan paradise that promises an enriching travel experience like no other
Take The Red Pill
From the vermilion torii gates of Japan to the famed rust-hued walls of India's Agra Fort, the burgundy robes of Burmese monks to scarlet chillies drying in the Bangladeshi sun, red is the quintessential colour of Asia.
70 Days for Our Land Animals
Raising awareness about conservation, the environment, and the land-dwelling species of the world
The Red Panda
Meet the elusive guardian of the Eastern Himalayas
Revealed Doctor Yellow
Japan Railways' special lemony Shinkansen is a rare sight to behold
The Mighty Yellow
Over 5,000 kilometres long and flowing through nine provinces and autonomous regions, the Yellow River is China's second largest, after the Yangtze, while its basin is deemed the cradle of Chinese civilisation
Wildlife Big Yellow Beauty
The popular "amelanistic" form of the Burmese python is considered among the most beautiful snakes - if that's your sort of thing
