The rate, I mean price, of gold (one of the most precious metals on earth) is shooting up day by day, esp. in India. I want to know as to why it happens, I mean, within last one year, in India, its rate per 10 grams has jacked up from Rs.18,ooo to Rs.28,ooo per tola (10 grams).
How is gold connected with dollar, GDP, national inflation and other financial issues? Please explain somebody.