Is Rupee Weakness Driving India’s Gold Rally? | Vandana Bharti Explains

The recent surge in gold prices in India is not just about global market trends but also the weakening rupee. Vandana Bharti, Head of Commodity Research at SMC Global Securities, highlights how currency depreciation has added a significant premium to Indian gold. While gold has delivered around 565% returns in dollar terms over two decades, the return in rupee terms is over 800%, showing the impact of currency moves. With the rupee possibly heading towards 90 per dollar amid tariff pressures, Indian gold prices could remain elevated in the coming months.