Ahead of Akshaya Tritiya here are 5 reasons why gold expense are increaing.

Just ahead of Akshay Tritiya, gold prices hit a five-month high last week as the dollar weakened with investors taking refuge in safe-haven assets because of the geopolitical tensions over North Korea.Just ahead of Akshay Tritiya, gold prices hit a five-month high last week as the dollar weakened with investors taking refuge in safe-haven assets because of the geopolitical tensions over North Korea.Here are five factors that are driving gold prices globally.
Geopolitical risk
Global tensions have risen over the past few weeks as US president Donald Trump has taken a tough rhetorical line with North Korea’s missile test launch. In fact, US vice-president Mike Pence has warned North Korea ‘not to test’ the resolve of Trump or the military strength of the US. Meanwhile, the Russians, Syrians and Iranians have all warned the US against further strikes in Syria. So, geopolitical tensions have pushed up gold prices globally.
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Rising concern about the true health of the US economy as it continues to sputter, offered additional support for gold. We saw further negative revision to Q1 2017 growth forecast in last week’s drop in retail sales.
Weakness in dollar index
Continued dollar weakness now in reaction to weaker-than-expected US economic data, coupled with delay and disappointment about the Trump growth agenda, is keeping interest rates (on the long end) under pressure, also a supportive factor for spot gold.
Unchanged repo rate
The RBI has kept policy interest rates unchanged at 6.25% for a third straight meeting and thus raising expectations of rate cut in coming months. Lower interest rates translate to more cash in the hands of customers and as such greater demand of gold and thereby increased price of the metal.
Gold reserves
Gold reserves in India averaged 443.04 tonnes from 2000 until 2016, reaching an all-time high of 557.77 tonnes in the Q3 of 2016 and remained unchanged at 557.77 tonnes in the Q4 of 2016 and a record low of 357.75 tonnes in the second quarter of 2000. When central banks of large countries start holding gold reserves and procuring more gold, the price of gold goes up.