Gold as a Safe Haven during Geopolitical Tensions: Evidence from Gold Futures Trading in India
Mohammed Saboor
This study examines the role of gold as a safe haven asset during periods of geopolitical and economic uncertainty. Using secondary data on gold futures trading in India from 2015 to 2025, the study analyzes traded contracts, total value, and average daily turnover along with gold price trends. The methodology includes trend analysis, growth rate analysis, turnover intensity analysis, and comparative analysis. The findings indicate that gold trading activity and capital inflows increase significantly during crisis periods such as 2020 and 2025. The results also show a positive relationship between gold prices and trading activity, suggesting increased investor participation during uncertain times. The study concludes that gold continues to function as a reliable safe haven asset, particularly during periods of heightened geopolitical risk.