Who Really Sets the Price of Gold ?

The gold price hit a record in January 2026, then fell more than 9% in a single day, its biggest one-day fall since 1983. Today it is about 25% below that peak in dollars, and about 16% below in rupees. So who actually sets the price of gold? Not the RBI, not a big bank, and not your jeweller. In this video: How the London gold auction finds one price, twice a day How interest rates, the dollar and investors push gold up and down, and what really caused the January crash Why central banks bought a record 289 tonnes of gold in one quarter Why the gold rate in India is different from the international price (rupee, import duty, GST) The one invisible Player nobody counts. This is not investment advice. Prices and data as of 15 October 2026. Indian prices are Delhi 24K retail per 10 g, before GST and making charges. [gold price, gold price today, who sets the price of gold, why gold price moves] Sources: LBMA, LBMA Gold Price: https://www.lbma.org.uk/prices-and-da... World Gold Council, Gold Demand Trends Q2 2026: https://www.gold.org/goldhub/research... World Gold Council, Central banks Q2 2026: https://www.gold.org/goldhub/research... World Gold Council, Gold Demand Trends Q1 2026: https://www.gold.org/goldhub/research... World Gold Council, Global gold market structure: https://www.gold.org/what-we-do/gold-... CBS News, highest gold price in history: https://www.cbsnews.com/news/highest-... 5paisa, India gold rates 29 Jan 2026: https://www.5paisa.com/news/gold-pric... PSU Connect, India gold rates 8 Oct 2026: https://www.psuconnect.in/articles/go... Fortune, gold price 13 Oct 2026: https://fortune.com/article/current-p... UNB, gold plunge: https://unb.com.bd/category/Business/... Khaleej Times, India gold import duty hike: https://www.khaleejtimes.com/business... CSR Journal, why Indian gold prices differ from spot: https://thecsrjournal.in/why-gold-pri... #GoldPrice #GoldRate #Explained ------------------------------------------------------------------------------------------------------------------- We explain the systems, ideas, and forces shaping our world—through stories from history, science, technology, geography, and human behavior. New episodes weekly. 📸 Instagram:   / plaintext101   📧 Business & Enquiries: plaintext101.connect@gmail.com