Is gold a good investment in 2026?

Gold has historically returned 8 to 11% CAGR in India over 20-year windows, beating most fixed-income alternatives and broadly matching equity returns with lower volatility. For 2026, the strong central-bank-buying environment and persistent inflation argue for a 10 to 15% portfolio allocation in gold. Forms: SGB (best tax efficiency), Gold ETF, or physical gold coins. Jewellery is a poor pure-investment vehicle due to making charges.