In the first half of 2016, the world price of gold rose by 25% in US dollars. Also strong price gain of gold has shown in the national currency of Great Britain.
As part of the regular review of the market of precious metals, World Gold Council told about the changes in prices of the yellow precious metal in different currencies of the world. In the first half of this year, the gold price in US dollars increased by 25% - the strongest price gain of precious metals since 1980.In late June, the price of the precious metal was at $1320 an ounce (1,187 euro or 983 pounds). However, one of the largest growth of gold observed in the British currency. This is due primarily to the results of the referendum on the country's exit from the EU. At the end of 2015 an ounce was worth 716 pounds, and by the end of the first half of 2016 the price was 983 pounds. Thus, an increase amounted to 37%. In euro, the precious metal rose by 22%.Gold also showed significant growth in the two largest consuming countries of this precious metal. In China and India, growth of gold amounted to 27%. In Egypt, the precious metal rose in local currency by as much as 41%. The growth of gold around the world is one of the reasons why the demand for jewelry has shown decline in these countries. In times of crisis people prefer to buy investment gold, rather than jewelry.