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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
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| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
This marks gold’s best monthly performance since March 2024, driven by rising safe-haven demand amid renewed tariff threats from the United States.
In India, gold prices mirrored global trends, hitting record levels. In Delhi, 24K gold advanced by ₹10 to ₹83,180 per 10 grams, while 22K gold traded at ₹76,260 per 10 grams.
Similarly, Mumbai saw 24K gold at ₹83,030 and 22K gold at ₹76,110 per 10 grams.
Tariff concerns boost safe-haven demand
US President Donald Trump reignited tariff fears with a 25% levy threat on imports from Mexico and Canada.
Analysts believe these threats have propelled investors toward gold, a traditional safe-haven asset during geopolitical and economic uncertainties.
“Safe-haven demand and chart-based buying have supported precious metals,” said Rahul Kalantri, VP Commodities at Mehta Equities.
He added, “Gold has support at $2,777-$2,762 per ounce, with resistance at $2,812-$2,822 per ounce. In India, gold is supported at ₹81,550-₹81,380 per 10 grams and faces resistance at ₹82,070-₹82,350 per 10 grams.”
Market drivers: Inflation data and interest rate outlook
Markets are now focused on the US December personal consumption expenditures (PCE) report, due later today, for further direction.
Federal Reserve Chair Jerome Powell recently emphasised that inflation and jobs data would guide future rate decisions.
Lower-than-expected inflation could prompt earlier rate cuts, providing further support for gold.
Yeap Jun Rong, market strategist at IG, noted, “Any downside surprise in inflation could suggest greater policy flexibility for the Fed, potentially bringing forward rate-cut expectations and boosting gold prices.”
Future outlook: Volatility expected in 2025While gold continues to shine, analysts at BMI warn of potential downside risks in 2025.
They predict significant price volatility as the Fed adopts a cautious stance on rate cuts.
Tim Waterer, chief market analyst at KCM Trade, highlighted the possibility of further gains if tariff threats escalate into economic realities.
“Prices could move north of the $2,800 level,” he said.
Geopolitical and economic context
Gold thrives in a low-interest-rate environment and is favored during geopolitical turmoil.
Recent developments, such as the European Central Bank’s decision to cut interest rates and a drop in US Treasury yields, have further boosted gold prices.
In addition, COMEX-approved warehouses have reported a 73.5% rise in gold stocks since late November, reflecting robust demand.
Investment insights
Experts recommend cautious optimism for gold investors.
While the metal continues to break records, risks of volatility remain.
Monitoring global economic developments, tariff policies, and central bank decisions will be key for future investment strategies.
For now, gold remains a resilient choice for those seeking stability amid uncertain times.
–With agencies inputs
