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Below the Quote on Gold on the occasion of Dhanteras by Mr. Inderbir Singh Jolly, CEO, PL Wealth Management

Gold in 2025: Where Ritual Meets Return

“This Dhanteras, gold is rewriting its role—no longer just auspicious adornment but a core strategic asset. Globally, spot gold breached US $4,300/oz, logging its biggest weekly gain in nearly two decades.  Domestically, prices have climbed to ~Rs.1,31,699 per 10 g (24K), with premiums surging to ?782 per 10 g—its steepest in over a decade. From a financial lens, gold is riding on multiple tailwinds: weak dollar, rate cut expectations in the U.S., and aggressive central bank accumulation. Analysts at Goldman Sachs now liken the rally to the 1970s spike—anchored in real demand, not mere speculation.  India’s “investment share” of gold demand is rising; buyers are gravitating toward coins and bars over expensive jewellery as fabrication costs bite.  But record highs come with trade-offs: jewellery demand is forecast to weaken this festive season.

Culturally, gold remains woven into India’s spiritual and social fabric. Long before markets existed, Indians regarded gold as a safeguard against misfortune and a conduit for divine blessings—especially on days like Dhanteras, tied to Goddess Lakshmi and prosperity.  Families across generations have passed down gold as both a gift and a legacy—an asset that transcends markets and seasons. This Dhanteras, gold bridges two worlds: it’s a prayer to tradition and a hedge in portfolios. For investors, the message is clear: buy thoughtfully, balance ritual with risk, and lean into quality, liquidity, and portfolio allocation—not emotional impulse”.

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