GoodReturns Research  ·  June 2026

Should You Sell Your Old Gold Now?
A Practical Framework

Weighing the case for immediate monetisation against holding through geopolitical uncertainty and central-bank demand.

Gold is 160%+ above 5-year prices — but US rate cuts are now pushed to 2027, capping near-term upside. Recycling into gold ETFs avoids making charges on re-entry.
Case for Selling Now
  • ✕ Gold still 160%+ above 5-year-ago prices — strong absolute gains locked in
  • ✕ US rate cuts pushed to 2027 — further pressure on gold likely in near term
  • ✕ Strong dollar expected to persist through H2 2026
  • ✕ Idle jewellery with high making charges rarely recovers full value on resale
  • ✕ Proceeds can be redeployed into gold ETFs at lower cost and no making charges
Central banks bought 244 tonnes in Q1 2026 alone. Modi's patriotic gold pause may reverse sharply — and Bloomberg G-Sec inclusion could reroute flows back into gold.
Case for Holding
  • ✓ Geopolitical risks remain elevated — gold's safe-haven case is not over
  • ✓ Central banks globally still buying — 244 tonnes in Q1 2026 alone
  • ✓ Modi's "patriotic gold pause" may rebound sharply once lifted
  • ✓ Bloomberg index inclusion of Indian G-Secs could redirect flows back to gold
  • ✓ Long-term holders: gold's inflation-hedge role intact over 5–10 year horizon

For informational purposes only  ·  Not investment advice  ·  GoodReturns Research © 2026