05 Mar 2026 | 5 Mins Read
Billionaire warns of rising gold prices
Flipitmoney
Indian tycoon Joy Alukkas predicts gold prices will continue to rise over the next 2-3 years due to global geopolitical and economic risks. His Joyalukkas Group, which controls nearly 16,000 kilos of gold inventory, has seen a 75% price surge in a year to $5,000 an ounce. Alukkas attributes gold's value to its appeal as a safe-haven asset in times of uncertainty.