Gold Forecast to be a Top Investment Bet in India

SEATTLE (Scrap Monster): The investment in gold continues to remain as a preferred choice among individuals in India, despite economic challenges on account of Covid-19 pandemic.

The ever-increasing market uncertainties, popularity of government schemes such as the Sovereign Gold Bonds (SGBs) and rising demand for digital gold investments are being identified as the main drivers behind gold’s popularity as an investment vehicle in the country.

Gold is widely considered as a safe haven asset, offering protection against rising inflation and fluctuating currency. Going forward, gold investments are expected to thrive further, especially due to rising geopolitical tensions and turbulent economic conditions across the globe.

There has been a rising demand for digital gold investments in 2023. The convenience and safety factors have boosted digital gold purchases through online platforms. Also, Gold Exchange Traded Funds (ETFs) have been gaining significant popularity among Indian investors, as a tool for diversification of their portfolio.

Going forward, the demand for gold in India is predicted to remain unabated. Gold in the country will continue to offer excellent investment opportunities.