The answer is YES. Gold purchased in 2014 would have increased its value by 75% and Investors should look to invest in gold keeping in mind that it is a long-term generational asset. The future gains may not be quite what we have seen in the past but still it is a safer bet in India.

Demand for gold in India for the quarter ended September 2020 was at 86.6 tonnes. The COVID impact has not affected the purchasing prowess of the people. Note, Demand for gold in India for the quarter ended September 2019 was 123.9 tonnes.

Government of India should look at opening up more gold mines in India. Various agencies in India have already mapped over 680t of gold resource which can be mined scientifically, systematically with very little impact to environment.