Economic Survey Reveals Gold-Silver Price Surge Signals Global Instability

• The Economic Survey 2025-26 links the sharp rise in gold and silver prices to increasing global financial and geopolitical uncertainty.
• Weakening US dollar, prolonged negative real interest rates, and heightened geopolitical risks contributed to the gold price surge in 2025.
• Gold is identified as a key indicator of global risk sentiment, with investors flocking to safe-haven assets amidst instability.
• The Survey notes that gold and silver are excluded from core inflation data, as their prices are driven by global financial conditions.
• Global trade is now influenced by security and political considerations, leading to fragmentation and increased vulnerability to shocks.

Why It Matters: Rising gold and silver prices indicate growing global instability and a shift towards security-driven trade policies.