• Gold up 11% in dollars, 13% in rupees in 2024
• 42% rise since January 2023
• Safe-haven asset amid uncertainty
• 1,045 tonnes bought by central banks in 2023
• India holds 12% of global gold reserves
• Trade wars & inflation fears push prices up
• ‘Trump tariff’ speculation boosts central bank buying
• Gold rising despite a strong US dollar
• Inflation concerns outweigh currency strength
• Supply constraints may drive prices higher
• Gold ETFs & mining stocks see big inflows
• Jewellers & lenders face inventory & loan risks
• Gold’s value depends on economic conditions