Gold Sees 200% Growth; MOFSL Reflects on Strategy

In a powerful testament to the strength of research-led investing, Motilal Oswal Financial Services Limited (MOFSL) has released a curated compilation of gold research reports that chronicle their strategic investment calls on gold from 2019 to 2025. From May 2019 to June 2025, gold prices skyrocketed from ₹30,000 to over ₹1,00,000 per 10 grams, validating MOFSL’s foresight-led approach. 

Domestic Gold prices have shown a 200% increase in the last 6 years, as captured in the MOFSL’s periodic gold research. Through phases of heightened market uncertainty during the last couple of years — triggered by inflation, global economic shifts, and geopolitical instability — MOFSL consistently maintained a bullish view on gold. Their outlook was grounded in early-cycle research and unwavering belief in gold’s value as a safe-haven asset.

Commenting on the current trajectory, Manav Modi, Analyst, Precious Metal Research, Motilal Oswal Financial Services Ltd., said, “We have been fortunate to be part of the gold uptrend since 2019. Following our long-standing bullish stance on the yellow metal, we are now taking a cautious pause in July 2025 — without completely turning away from it. While normal price fluctuations will continue, for gold prices to move beyond current all-time highs, the market requires fresh and significant catalysts. We are likely to see a period of price consolidation until the emergence of any decisive or longer-term triggers.”