Andrey Litvinov

The increased demand for gold this year is due to the desire of investors to protect themselves from inflation. In March, the U.S. consumer price index stood at 8.5% - the highest since 1981.

Gold tends to rank prominently on the list of investment instruments. Unlike other assets, investing in the yellow metal gives investors a greater degree of confidence and security. Dragmetal is considered a practically risk-free way of storing wealth.

The Indian Center for Research in the Field of Yellow Metal has prepared a report "Gold Market for 2022" on the consumption of precious metal in the country's households. The report was prepared on the basis of a survey of 40 thousand households. It said per capita consumption of precious metal was the highest among wealthy people, but the lion's share of the yellow metal sales figure was still in the middle-income group.