✨ Gold continues its unstoppable rally, supported by global uncertainty, strong domestic demand, and historic investment inflows.
International gold prices crossed $4,600/oz, while Indian MCX spot touched ₹1,39,799 per 10g, confirming gold’s position as the ultimate safe-haven asset.
🔔 Tradeline Capital Key Observations
📈 Gold ETF demand at record levels
December ETF inflows reached ₹116 billion, taking total holdings to 95 tonnes, the highest ever in India.
📱 Digital Gold Boom
UPI-based digital gold purchases tripled in 2025, showing a major shift toward tech-driven gold investment.
🏦 RBI Strategy Shift
RBI added only 4 tonnes in 2025 due to high prices, but total gold reserves rose to 880.2 tonnes, now forming 16% of India’s forex reserves — mainly due to valuation gains.
💍 Jewellery Demand Stable
Wedding demand remains steady, but buyers prefer lightweight designs. Over 40% of jewellery sales come from old gold exchange, showing value-conscious buying behavior.
📦 Gold Imports Cool
Import value increased slightly, but volume declined due to higher landed prices — indicating strong price sensitivity.
🌍 Why Gold Is Rising
✔ Global geopolitical tensions
✔ Policy uncertainty in major economies
✔ Strong ETF and digital investment inflows
✔ Weak equity confidence
✔ Safe-haven buying by institutions
Gold delivered a massive 67% return in 2025, the highest annual rise since 1979 — and 2026 has already started with fresh record highs.
🔮 Tradeline Capital Outlook
🔹 Investment demand will remain the main price driver
🔹 Wedding & festival demand will support physical buying
🔹 ETFs and digital gold will dominate new investor entry
🔹 Any correction should be seen as a buying opportunity
🏁 Tradeline Capital Conclusion
Gold is no longer only a jewellery metal — it is now a core financial asset for Indian investors.
With strong institutional participation, rising digital access, and global uncertainty, gold’s long-term structure remains bullish.
📌 Tradeline Capital continues to recommend strategic accumulation of gold on corrections for medium to long-term investors.
