India’s rush for gold. Why have prices been rising so dramatically?

Gold prices have recently seen a massive surge in India, and to a lesser extent, the rest of the world. India’s domestic price of gold has seen a 23% surge since the start of just this year alone. This increase by itself would have been unprecedented; however, the jump in prices comes right after last year, which saw an enormous 25% leap. Compounded together, these two surges have made today’s gold prices unrecognizable from just two years ago.