Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Spot gold dropped 0.7% to $3,357.11 an ounce by 0256 GMT.
US gold futures fell 1.5% to $3,366.80 an ounce.
In India, prices slipped too. As per Goodreturns, 24K gold now costs ₹10,136 per gram. 22K gold is at ₹9,291 per gram. 18K gold trades at ₹7,602 per gram.
Why gold is falling?
Trump backed off from threats to fire Fed Chair Jerome Powell. He also said a deal with China could lower tariffs “substantially.”
These comments boosted risk appetite and pulled investors away from gold.
Kelvin Wong, Senior Market Analyst at OANDA, said, “The change in tone triggered a sell-off. Gold hit oversold levels in the short term.”
A stronger dollar and rising US stocks also pushed gold lower. A firm dollar makes gold expensive for foreign buyers.
US Treasury Secretary Scott Bessent added to the optimism. He expects trade tensions to ease but warned talks with Beijing will be slow.
Russia’s President Putin also hinted at halting the Ukraine war. This further reduced demand for gold as a safe haven.
From all-time highs to pullback
Gold had hit $3,500 an ounce on Tuesday (April 22). It was the 28th record high this year. Prices rallied on inflation fears, central bank buying, and global tensions.
JP Morgan still sees gold climbing. It expects prices to cross $4,000 per ounce next year.
But analysts warn of short-term corrections.
“Gold saw a huge rally. Some profit-taking is natural now,” said Manav Modi, Senior Analyst at Motilal Oswal.
The IMF’s latest forecast may support gold again. It cut global growth for 2025 to 2.8% and raised inflation to 3%.
How to invest now
Gold and Nifty 50 are both at highs. Investors are enjoying gains across assets. But experts say stay cautious.
Om Ghawalkar, Market Analyst at Share.Market, advises balance.
“If gold is over 25% of your portfolio, book some profits. Don’t invest lump sums now. Use SIPs in gold ETFs to handle volatility,” he said.
He stressed the need for diversification. “Split your money across gold, stocks, and debt. Don’t let hype change your plan.”
–With Reuters inputs
