Ahead Of Festivals Is Gold Still A Good Investment?

Gold demand in India’s retail sector has plunged to a 26-year low while the price rose to an all-time high of `55,000 per 10 grams. Within this seeming contradiction is the curious plan of many factors, some global, and local. And yet, gold will continue to play a significant role in Indian as it did in the days of Samudragupta, 375 CE, son of the Gupta emperor Chandragupta, who issued gold currency and performed the Ashvameda (horse) sacrifice to establish in war victories. Gold is present in India life at various levels: as an emotional and safety anchor, as an hedge against inflation and also figures in the political sphere. External Affairs Minister S. Jaishankar last year referred to the wholesome transfer of wealth by the British, some of which was in gold. “India had two centuries of humiliation by the West in its predatory form it came to India in the mid-18th...