The Bull Run Of Bullion

Gold typically does well at times of geopolitical uncertainty, and there's plenty of that to go around right now, from the war in Ukraine to US President Donald Trump’s ever-changing tariffs.

Gold’s record high reflects an investor flight to safety in response to uncertainty over the world order in general and other global assets like US Treasury bonds in particular. But what happens if and when anxiety begins to ease?

Trade experts expect the buying volume this Diwali to reach a record, despite soaring prices, as FOMO grips those who had been holding back amid a US government shutdown and a weakening dollar.

Gold has gained around 50% this year, but history warns that emotional buying during rallies can backfire. Experts suggest cautious, long-term allocation of 5–15% in portfolios.

In Japan, as in the U.S., a new leader wants the central bank to make government debt more bearable, which could feed inflation.

The zero-deduction policy marks a change from previous offers, where deductions were applied based on the purity of the gold. Earlier, consumers could exchange gold only above 14 karat purity.

Gold above ₹1 lakh per 10gm has not dampened India’s appetite—families keep buying, convinced of its ornamental value as much as its utility as an investment portfolio hedge. But how durable will gold’s price upshoot prove?

Caution comes amid sharp rise in bullion demand as gold jumps 54% in a year to ₹1.15 lakh/10 gm, with analysts urging profit-taking and fresh investors advised to wait for pullbacks.