Gold Outlook: ETFs Surge, China's Demand Shifts; Experts Predict Strong Trajectory

• Gold maintained above $5000/troy ounce despite early February fluctuations; Geojit Investments sees a strong overall trend.
• Indian gold prices jumped significantly, with Mumbai spot reaching Rs 1,51,025/10 grams (78% annual increase) and MCX futures at Rs 1,57,695/10 grams (93% annual jump), primarily due to a weakening rupee.
• Global gold demand hit an all-time high of over 5000 tons in 2025, driven by record ETF inflows ($19 billion in January) and continued central bank purchases, including China's 15th consecutive month of buying.
• China's gold consumption decreased by 3.57% in 2025; jewelry demand fell over 31%, but bar and coin purchases rose over 35%, indicating a shift towards investment over adornment.
• Despite potential short-term volatility from Fed policy and geopolitical shifts, the medium to long-term outlook for gold remains strong due to ongoing global uncertainty and investor risk aversion.