Gold prices hit ₹96,670/10 gm on May 22; a safe investment amid uncertainty

As gold prices reach ₹96,670 per 10 grams, experts recommend buying on dips, highlighting a 30% YoY increase. With gold's historical CAGR of 15% since 2001, it remains a strong hedge against market volatility.

Sources:
The HinduLivemint
Updated 1h ago
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Sources: LivemintThe Hindu
Gold prices reached ₹96,670 per 10 grams on May 22, marking a significant rise amid ongoing economic uncertainty.

The increase reflects a 30% year-on-year surge as investors seek safe havens like gold and silver, particularly in light of a weaker US dollar and volatility in equity markets.

According to the Indian Bullion Association, 22-carat gold was priced at ₹88,614 per 10 grams. Experts recommend gold as a protective investment, suggesting that buying on dips presents an opportunity. They also advocate for gold ETFs to minimize costs associated with making and storage.

In futures trade, gold contracts for June delivery rose by ₹824, or 0.87%, to ₹95,665 per 10 grams, with a business turnover of 10,627 lots. Globally, gold futures increased 0.88% to $3,319.18 per ounce in New York.

As a long-term investment, gold has returned 15% CAGR since 2001, making it a reliable choice for those looking to insulate their portfolios against market fluctuations.
Sources: Livemint
Gold prices surged to ₹96,670 per 10 grams on May 22, reflecting a 30% year-on-year increase amid economic uncertainty and a weaker US dollar. Experts recommend gold as a safe investment, particularly through ETFs, to mitigate risks in volatile equity markets.
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The Headline

Gold prices rise amid economic uncertainty

Gold and silver are safe haven investments, which experts feel insulate your portfolio against the volatile equities market.
Market Experts
Livemint
Key Facts
  • Gold prices on May 21, 2025 rose by ₹824 to ₹95,665 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.The Hindu
  • On the Multi Commodity Exchange, gold contracts for June delivery traded higher by ₹824 or 0.87% at ₹95,665 per 10 grams.The Hindu
  • Globally, gold futures increased 0.88% to $3,319.18 per ounce in New York.The Hindu
  • Experts note gold's 30% YoY surge and 15% CAGR since 2001 as a safe investment.Livemint
  • On May 22, 24-carat gold was priced at ₹96,670/10 gm according to IBA data.Livemint
Key Stats at a Glance
Increase in gold price on May 21, 2025
824
The Hindu
Gold price per 10 grams on May 21, 2025
95665
The Hindu
Percentage increase in gold price
0.87%
The Hindu
Business turnover in lots
10627 lots
The Hindu
Global gold futures price per ounce
3319.2
Percentage increase in global gold futures
0.88%
The Hindu
Price of 24-carat gold per 10 grams on May 22
96670
Livemint
Price of 22-carat gold per 10 grams
88614
Livemint

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Background Context

Gold's role as a safe investment

Key Facts
  • Gold is seen as a safe haven amid uncertainty over the United States economy and a weaker US Dollar (USD).Livemint
  • Silver prices today are at ₹99,200/kg (Silver 999 Fine), as per the IBA website.Livemint
  • Experts feel that buying gold on dips is an 'opportunity' and some recommend gold ETFs to create exposure while saving on making charges and storage cost.Livemint
Key Stats at a Glance
Year-on-year surge in gold prices
30%
Livemint
CAGR of gold investments since 2001
15%
Livemint
Price of silver per kg
99200
Livemint
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