India’s Gold Investment Soars 60%, Hits Record High

Gold Investment in India Soars to Record High

The latest news from the market shows a massive increase in gold investment in India. A recent report reveals that gold investments in India jumped a huge 60% in 2024, reaching a value of $18 billion (approximately Rs 1.5 lakh crore)! This is [[breaking news]] for the Indian economy and the global gold market. Compared to 2023, this is a significant surge.

Demand Reaches its Peak in a Decade

The demand wasn’t just about value; the amount of gold bought also saw a remarkable increase. India’s investment demand for gold reached 239 tonnes—the highest since 2013! That’s 29% more than the 185 tonnes purchased in 2023. This huge demand means India accounted for a fifth (20%) of the world’s gold investment demand last year.

What Drove this Gold Rush?

Several factors contributed to this phenomenal rise in gold investment. The price of gold went up throughout the year, attracting many investors. A price correction in November also gave bargain hunters a chance to buy more gold at lower prices. The festive season, including Dhanteras and Diwali, also played a big part, boosting sales. Convenient online options, with quick delivery of small gold bars and coins through e-commerce platforms, made buying even easier. Many people also chose gold as an investment because other assets, like the stock market, didn’t perform very well in the first half of 2024.

Global Gold Market Analysis

Globally, the investment demand for gold also increased by 25%, reaching 1,180 tonnes in 2024. This strong global interest in gold is [[important business news]] that shows the current market sentiment. Experts believe that the trend of strong investment demand will continue into 2025, with more people investing in gold ETFs and mutual funds.

Gold ETFs and the Future

Gold exchange-traded funds (ETFs) also played a role in the global market. After a few years of decline, the outflow of gold from ETFs was much lower in 2024. This, combined with the economic uncertainty around the world, makes gold a safe investment for many. The prediction is that ETFs will continue to boost demand for gold in 2025.

Conclusion: A Positive Outlook for Gold

In summary, 2024 was an excellent year for gold investments in India and globally. The rise in demand is good [[business news]] and highlights gold’s role as a safe investment option in uncertain economic times. This positive trend is expected to continue, making gold a great investment for the coming year.

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