From the beginning of 2024, Gold has been on a strong footing, having risen by ~6% as against the broader equity market ( Nifty 500) returning only ~4%. The slew of elections lined up in this fiscal year bodes well for Gold. The reason being that during times of uncertainties, investors tend to park their money in safer asset classes. As a lot of countries go into elections this year, Gold would likely remain in the spotlight. Not to mention, the strong institutional buying that Gold has witnessed over the past few years which in turn provides a solid support to this asset class.