top of page

By:

Prithvi Asthana

20 August 2025 at 5:20:30 pm

‘Just the beginning of the new revolution’

Gen Z says their next target is Nitin Gadkari and Nirmala Sitharaman Mumbai: Dancing on the tunes of ‘Zinghaat’, the Gen Z at Dadar, was celebrating Dharmendra’s Pradhan’s resignation. The ‘Tiranga’ rally called up by Thackeray brothers on Thursday for protesting was turned into a celebration rally after Pradhan’s resignation. ‘The Perfect Voice’ went on ground to know the real reaction of the Gen Z at the rally. A NEET student who gave the NEET and re-NEET exams this year, said that she...

‘Just the beginning of the new revolution’

Gen Z says their next target is Nitin Gadkari and Nirmala Sitharaman Mumbai: Dancing on the tunes of ‘Zinghaat’, the Gen Z at Dadar, was celebrating Dharmendra’s Pradhan’s resignation. The ‘Tiranga’ rally called up by Thackeray brothers on Thursday for protesting was turned into a celebration rally after Pradhan’s resignation. ‘The Perfect Voice’ went on ground to know the real reaction of the Gen Z at the rally. A NEET student who gave the NEET and re-NEET exams this year, said that she feels very happy that he has resigned now, and today all the students have won this battle. “I felt quite devastating when I heard about the paper leak. After the leak it was very tough to study again because I am in 12th standard as well. I was de-motivated and did not want to study again but I had no other option. I was continuously studying for seven months. It took a lot of toll on my mind, I was not able to focus on my 12 th standard. ” Talking about the results she said, “ I was not satisfied with the marks I got in re-NEET, and will take a drop. Looking at the sad state of Indian education system, I will go to study abroad.” A commerce student, present at the site, said, “ Now they know what will happen if they continue to repeat mistakes like this.” New Revolution A law student, Pranjal Khatu, said that this resignation will act as a deterrent for the government. She said, “This movement has established fear in government’s mind. This punishment given by the Gen Z will now actually send a message that the ministers should work responsibly, while listening to its public. I want to say thank you to PM Modi, because of him people from all religions have come together to hate someone.” Saying that this is just the beginning. This is just the beginning of the resignations, we are going to demand more resignations, the new revolution has just begun.” Sampada More, a graduate, said that it will definitely establish fear, but the government should have listened to us earlier, they should not have stretched this matter so long. “The next number is of Nitin Gadkari and Nirmala Sitharaman,” she said. A MBBS doctor in Nutraceuticals, joined the rally as well. She said, “He was supposed to resign way before. The government has clearly failed, because as Gen Z we were standing with the Truth, we are standing for what India’s stands as democracy. This is the reason we won the and the government lost. We are going to demand resignation of the Punjab minister responsible for Pharmacy exam paper leak. We will also demand the resignation of corrupted ministers like Nitin Gadkari and Nirmala Sitharaman next.” Fighting for Justice A class seven student rallying with his parents said, “We have finally got justice. I am very proud taking part in the rally and standing for my future. I supports this movement because when I grow up, I do not want any paper leaks happening at that time. I want to see some better minister who actually also focuses on the security of the examination system.” Another student currently in fourth year engineering said, “ This was the tipping point and we actually tried protesting before this as well but we were supressed a lot of times, but this time the government was not able to supress us because it was large. The CJP has done a commendable job in uniting youth of this country, and I am glad that he has taken the accountability and resigned.” Jay, a MBBS student said, “This is a celebration of togetherness, I have never seen such celebration in long time. This is a new sort of Independence.” Demanding more resignations, he said, “This will continue, the stars have aligned with us. This is Inqualab Zindabaad.”

Gold Rush

Gold, till recently dismissed as a relic of the past by those who believed in the supremacy of fiat money and equities, has once again become the metal of the moment. Ahead of the festive Diwali season, the prices have breached an eye-watering Rs. 1.3 lakh per 10 grams of 24-karat gold, up from Rs. 78,610 last year. That is a year-on-year rise of 65 percent, enough to make even the most ardent buyers blanch. Yet, jewellers remain surprisingly upbeat. Rising household liquidity, aided by GST simplification, government salary revisions and moderating inflation, has kept spending resilient. Many are recycling old gold, opting for lightweight pieces, or trading down to 18-karat ornaments.


The surge has taken the gold’s total market capitalisation to a staggering $30 trillion. It marks the steepest rally since 2008, telling a story not merely of greed, but of fear.


The trigger this time has come from across the Atlantic. Two American regional lenders disclosed loan irregularities this week, reviving memories of subprime rot and rattling investors already jittery about the US economy’s credit quality. Coupled with a fresh round of US–China trade tensions, the result has been a flight to safety on part of investors.


The metal’s run has been breathtaking. Over the past three years, prices have soared by more than 165 percent, rising from about $1,649 an ounce in 2022 to over $4,380 this week. In just the first ten months of 2025, more than half that gain has been logged. Few assets have offered such a return; fewer still have done so while signalling deep unease about the global order.


Here lies a paradox. The Federal Reserve’s expected rate cuts that were once meant to reassure markets are instead stoking gold’s ascent. Lower rates make non-yielding assets like gold more attractive. There is rife speculation that all is not well with America’s economic engine. When faith in paper weakens, faith in metal hardens.


That faith extends far beyond Wall Street. Central banks led by China, India and Turkey, have been among the biggest buyers of bullion, seeking to hedge against dollar weakness and diversify reserves. Exchange-traded funds have also seen strong inflows as institutional investors reposition for an era of geopolitical fragmentation, fiscal excess and a fraying post-war order.


Still, not all that glitters is stable. The current frenzy resembles the exuberance of past bubbles, when investors mistook refuge for reward. Gold is, by its nature, a hedge against uncertainty. Its price rises when confidence falls. A sustained rally therefore implies enduring pessimism about global growth, trade and governance. That may comfort bullion dealers, but it bodes ill for policymakers.


For the world’s central banks, gold’s rise is both symptom and warning. The more investors seek safety in metal, the more they confirm their loss of faith in money. The question, then, is not how high gold can go, but how low global confidence has fallen.

Comments

bottom of page