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Precious Metals and Jewellery expected to be the fastest growing investment segment until 2028!

Precious Metals and Jewellery expected to be the fastest growing investment segment until 2028!

The size of the precious metals market will grow to $403.1 billion by 2028, according to Indian management consultancy Fortune Business Insights (FBI). The gold sector is said to be the leading driver. Based on the market cap of $275 billion in 2021, that would represent an increase of more than 30 percent.
In its latest report, the company forecast a compound annual growth rate (CAGR) of 5.6 percent for the precious metals market from 2021 to 2028.
According to the FBI, gold will play a crucial role in the growth of the precious metals market. “Increasing investment in commodities such as gold due to their low risk factor compared to other investments such as stocks, bonds or real estate is driving the market,” the report said. “The perception of gold as a status symbol and a safe haven for investment has been a major contributor to the growth of the market. Investors regularly seek refuge in gold as an asset that retains its value in order to reduce risk.”

The investment side is expected to be the fastest growing segment between 2021 and 2028. “Increasing investment in commodities such as gold due to their low risk factor compared to other investments is fueling the segment’s growth,” the report said.

The report also highlights demand for jewelry as a key driver. “Increasing disposable incomes and changing lifestyle choices are just some of the factors driving the market. Demand for these metals will increase globally for jewelry and investment purposes as gold and silver are of particular importance in wedding ceremonies in Southeast Asian countries,” the FBI continued . “Therefore, the growing population and increasing purchasing power of consumers in the region will contribute to the market growth.“

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