Gold prices could climb to $3,300 per ounce in 2025, driven by concerns over slowing economic growth in the US, increasing geopolitical tensions, and rising fiscal deficits, a new report said on Wednesday.
This has led to renewed interest in gold as a safe investment option, especially as equity markets see corrections, as per a report by Capitalmind Financial Services Private Limited.
The report highlights that gold has proven to be a strong and reliable asset for Indian investors over the long term.
Despite its price volatility in global markets, gold has consistently delivered positive returns in Indian rupee (INR) terms.
In fact, the study points out that gold has never had a negative decade in INR, while it faced two decades of negative returns in US dollar (USD) terms.