Gold commodity, Investment in Gold, Gold as asset,

Gold Investment: Right now ? 

Investment in Gold : A solid hedge against volatility and inflation, Know the importance of being an asset.

India is the second largest consumer of gold in the world after China. More than 75 percent of households in India own some form of gold. The compound annual growth rate (CAGR) in gold purchases over the past 50 years has been 14.50 percent. Gold is one of the most sought after commodities in today's global environment.

Gold is considered a hedge against current market volatility and high inflation. April 2022 inflation rate (CPI) was 7.50 percent. Bond yields have fallen on the back of a possible RBI interest rate hike. Due to this, analysts are of the opinion that we are now entering the recession phase of the capital market. Gold is seen as a safe bet in the face of such volatility in the financial markets. Gold rose significantly as investors chose gold as an asset recently on the back of strong global trends and positive investment sentiment. A decline in industrial production in China and a prolonged lockdown are driving up gold prices in India. Also, crude oil prices rose after OPEC members forecast lower demand. Therefore.

As long as people continue to see it as a valuable commodity, the price of gold is likely to remain a good hedge against inflation.

Gold as an investment offers dual benefits of risk-reduction and wealth creation. Even if there is no economic crisis or geopolitical tensions.

Look at the Rising price of Gold in last two years.

Year	Average Closing Price	Year Open	Year High	Year Low	Year Close	Annual % Chan...
2023	$1,860.87	$1,824.16	$1,877.89	$1,824.16	$1,877.89	2.94%
2022	$1,801.87	$1,800.10	$2,043.30	$1,626.65	$1,824.32	‑0.23%
2021	$1,798.89	$1,946.60	$1,954.40	$1,678.00	$1,828.60	‑3.51%