Gold Rises to ₹1.60 Lakh but Can It Really Protect Against Inflation?

Gold prices in India have reached nearly ₹1.60 lakh per 10 grams, sparking renewed interest in the precious metal as an inflation hedge.

While gold has historically performed well against inflation over longer periods, its effectiveness as a short-term protection mechanism is more nuanced.

Experts argue that gold's price movements can be influenced by various factors, including economic conditions and global events, which may not necessarily translate to actual purchasing power.