Mumbai, May 28 -- India's domestic economic outlook remains tightly bound to volatile global energy lines, making paper gold instruments a vital hedge for portfolio diversification over the next decade, according to Senior Research Analyst-Commodities at Axis Direct.

Talking to ANI, the senior analyst Deveya Gaglani has warned that the ongoing geopolitical impasse in West Asia continues to weigh heavily on India's macroeconomic sentiment.

With international crude benchmarks hovering around USD 100 per barrel due to the conflict between Iran, Israel, and the US, India's foreign exchange reserves are facing rapid depletion.

"Unless and until there is a clear resolution and the crude oil prices goes down, I don't see that the Indian marke...