Gold continues its remarkable momentum in India, with domestic prices gaining 13% year-to-date and reaching a record ₹88,946 per 10g as the global price surpassed $3,000 per ounce.
While higher prices are dampening jewelry purchases, they’re boosting old gold sales, with investment demand remaining strong through ETF inflows. Despite February gold imports dropping to an 11-month low, experts anticipate some demand recovery in the coming months due to seasonal factors like festivals and weddings, though this may not fully offset price-driven constraints.
Gold remains India’s top-performing asset class in 2025, significantly outperforming both domestic equities and fixed-income investments.