New Delhi, The World Gold Council has said that the demand for gold has started increasing due to the advent of AI technology.
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| World Gold Council opinion |
Demand for gold is becoming essential
This has been led by the increased use of artificial intelligence, especially in smartphones and data centers.
The demand for gold in the electronics sector reached a peak of 328 tonnes in 2010.
After this, demand continued to decline, reaching a level of 249 tonnes last year. Meanwhile, as the demand for gold has become essential in AI technology, the Gold Council has said that its demand has started to recover in the last few quarters.
In general, gold is an excellent conductor of electricity and does not corrode very quickly. The use of gold has become essential as it provides high-speed data processing, minimal energy loss and long-term performance required for smartphones.
The demand for gold is increasing as healthcare, finance, and other sectors invest heavily in AI technology to drive innovation and efficiency.
Gold is a key commodity as AI technology is used in everything from processors to sensors.
If there is a challenge to obtain
Gold is in demand in many sectors, not just AI. It is used in hospitals, in therapeutic devices; and in diagnostic and experimental drug delivery.
Furthermore, it is used in clean energy technologies, such as hydrogen production and carbon dioxide conversion processes.
Meanwhile, the rising price of gold has become a challenge for electronics manufacturers.
While a similar problem arose several years ago with silver and copper, it is said that there is no alternative material for AI technology.