Index Fund Corner
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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% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| 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% |
Spot gold added 0.2%, reaching $2,618.59 per ounce.
US gold futures also gained 0.2%, reaching $2,632.00.
Despite reduced market activity, gold remains in focus due to economic developments.
In India, gold prices for 24-carat gold are ₹7,735 per gram, while 22-carat gold is ₹7,090 per gram, as per Goodreturns data.
The Federal Reserve continued rate cuts in December but indicated fewer cuts in 2025. Higher rates reduce gold’s appeal as a non-yielding asset.
Despite easing inflation concerns, markets are still pricing in 35 basis points worth of rate cuts for next year.
Kelvin Wong, Senior Market Analyst at OANDA, said investors are watching US President-elect Donald Trump’s trade tariff policies.
Potential trade retaliation could boost gold’s safe-haven demand.
Gold has risen nearly 27% this year, marking its best performance since 2010.
This rise was driven by central bank buying, geopolitical tensions, and easing monetary policies from major banks.
Jateen Trivedi, VP Research Analyst at LKP Securities, expects gold to trade between ₹75,800 per 10 grams and ₹76,900 per 10 grams in the near term.
With holiday season slowdowns, gold may experience range-bound, sideways movement.
Should you buy gold now?
Given the uncertainty in global markets, gold remains a solid hedge against risks.
If you’re looking to protect your wealth, gold could be a smart buy, especially if you’re prepared for moderate price movements in the near term.
However, keep an eye on market developments and adjust your strategy if prices shift significantly.
–With agencies inputs
