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Relevance of gold as asset class to rise in coming yrs
Millennium Post Delhi
|Delhi 04 March 2025
Since 2002, the value of precious yellow metal is up 10 times when it was about $250-290/ounce
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NEW DELHI: Gold will remain relevant for investors as a portfolio diversification mechanism with a "likely ascending importance" as an asset class in the coming years, Chief Economic Advisor V Anantha Nageswaran said on Monday.
Speaking at the IGPC-IIMA annual gold and gold markets conference 2025, he said that gold will remain relevant not only as a store of value, as an ornament for cultural and religious purposes, but also as an important portfolio diversification mechanism "until such a time the world is able to arrive at an international monetary system from the current international monetary non-system".
"That day of reckoning is very difficult for any one of us to prophecy at this stage," Nageswaran said.
This story is from the Delhi 04 March 2025 edition of Millennium Post Delhi.
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