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Billionaire sitting on 16,000 kilos of gold says price will rise

Ai • March 5, 2026

Billionaire sitting on 16,000 kilos of gold says price will rise is drawing significant interest across the industry.

Indian billionaire Joy Alukkas, who holds nearly 16,000 kilos of gold across his global Joyalukkas stores, expects prices to keep rising amid geopolitical and economic risks. Despite volatility, he sees no major correction ahead, citing persistent global tensions and strong retail demand for investment bars, coins, and lightweight jewellery.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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