Gold Price: The President of a country across seven seas is preparing to control the price of gold worldwide. Yes, this is true. We are talking about the newly elected President of America, Donald Trump. If Trump has his way, then the price of 1 tola (10 grams) of gold in India will cross 1 lakh rupees.

Now you must be thinking how can Donald Trump sitting across seven seas do this feat and control the price of gold in countries around the world including India? So sir, be patient, here we are going to tell you about it in detail and will also tell you how the price of gold can cross 1 lakh rupees.

New York's gold reserve doubled.

Ever since Donald Trump has taken over the throne of the US President, he has started ordering America's gold from the world's largest gold reserve under London's Thread Street. In this way, 8000 gold bars have reached the New York Gold Reserve of America so far and this has increased the New York Gold Reserve from 17.5 million troy ounces to 34 million troy ounces.

How big is London's Gold Reserve?

The world's largest gold reserve is located under London's Thread Needle Street. Gold worth Rs 22 lakh crore is deposited in the vaults of the Bank of England here. Big businessmen along with many countries of the world keep their gold in this bank. In such a situation, America's recall of its gold gives a big indication of its price increasing in the coming days.

How will America increase the price of gold?

The way America is increasing its gold reserve, it is clear that Donald Trump can impose tariffs on gold imports in the coming days. If this happens, it is natural for the price of gold to increase in the international market. Let us tell you that in the last few months, gold imports in India have increased by 41 percent. Due to this, the price of 10 grams of 24-carat gold may cross Rs 1 lakh in the coming days.