New Delhi, Dec. 25 -- The shine of gold has only grown brighter since last Christmas, with the yellow metal registering over 50 record highs and emerging as one of the best-performing asset classes amid a period marked by multiple turning points, including US President Donald Trump's aggressive moves to reshape global trade, which renewed the demand for safe-haven assets.

In the same period last year, MCX gold was quoted at Rs.76,748 per 10 grams, and has gained 80% to trade at Rs.1,38,097 per 10 grams, a massive surge that has also led analysts to raise their price forecasts multiple times, as previous targets have been surpassed earlier than expected. Analysts now expect the rally to continue next year as well.

The spot gold price has...