India’s Gold Price Explosion and the Silent Social Crisis It Has Triggered.
From ₹63,000 to ₹1,73,000: India’s Gold Price Explosion and the Silent Social Crisis - When Gold Stops Being a Blessing- In just about three years, gold prices in India have risen from nearly ₹63,000 per 10 grams to an astonishing ₹1,73,000. This dramatic surge is not a routine market fluctuation; it represents a deep structural shift in the global and domestic economy. For a country like India—where gold is deeply embedded in culture, security, and social customs—this rise has triggered serious economic and social consequences. Gold has traditionally symbolized safety, dignity, and stability for Indian families, especially among the poor and middle class. But today, it is fast becoming a source of anxiety, debt, and social pressure. The issue is no longer about investment returns; it is about social justice, gender equity, and regional vulnerability—particularly in Jammu and Kashmir. This blog examines why gold prices have risen so sharply, how this affects poor families, how it inten...