Gold has been on a roll in 2024. While markets have been unpredictable, Gold has stayed strong, gaining value when other investments struggled.

Gold’s Performance So Far

If you’ve been watching Gold, you know it’s having a standout year. It’s up 39% in US dollars and 32% in Indian rupees—far ahead of the Nifty index, which only managed a 7% return. In fact, after hitting a high in September, the Nifty dropped more than 10%.

Breaking Records

Gold isn’t just climbing—it’s setting records:

• 46 buoyant market closes so far this year
• 14 new all-time highs
• A steady upward trend that hasn’t slowed down

A Look Back at Gold’s Price Journey

Gold has hit some significant milestones over the years:

• It first crossed $500 per ounce back in 2005
• The most extended price stagnation happened between $1,500 and $2,000, lasting 3,394 days
• More recently, Gold surged from $2,500 to $3,000 in just 207 days—a big leap in a short time

What’s Happening in the Market?

Gold Imports in India

• Imports dropped to their lowest levels since March 2024
• This is the third month in a row of decline
• High prices and weak demand are slowing purchases

India’s Gold Reserves

• The Reserve Bank of India (RBI) paused gold purchases in February 2025
• Despite that, RBI has been steadily increasing its gold reserves since early 2024
• India now holds 876 tonnes of Gold

Why Gold Is Still in Demand

• With global tensions rising, many investors are turning to Gold as a safe-haven asset
• Economic uncertainty has made Gold a go-to investment for protecting wealth

How India Compares Globally

• India added 22.54 tonnes of Gold to its reserves recently
• It’s now just behind Poland, which added 28.53 tonnes

What This Means for Investors

Gold has proven itself time and again:

It performs well even when markets are shaky

It’s a solid choice during economic uncertainty

It can act as a hedge against inflation and downturns

Final Thoughts

With everything happening in the world, Gold remains a reliable investment. It’s breaking records, holding firm, and proving why it has always been a trusted store of value.

Bottom line: If uncertainty is the new normal, Gold is the smart choice.