New Delhi, April 22 -- While many of us have been obsessing over portfolio strategies, a simple nostrum from our grandmothers-"buy gold!"-is beating almost every asset class, not just in India but globally. Mint explains what the booming bullion market means for Indian investors.

Gold prices seem to be following the Olympic motto-faster, higher, stronger. After a record-shattering 2024, prices of the yellow metal have maintained their momentum this year, consistently scaling new peaks. Gold in the international markets surged to an all-time high of $3,333 per ounce last week. In the Indian market too, Multi Commodity Exchange (MCX) gold contracts vaulted to Rs.94,629 per 10gm on 17 April. The trend in the spot markets was even more robus...