Relevance of gold as asset class to rise in coming yrs

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.