New Delhi, April 2 -- Geopolitical tensions like the ongoing West Asia conflict have once again shaken investor confidence. With the Nifty correcting by 10.2% since the escalation in March, most Equity portfolios have mirrored this fall, exposing a hard truth: equity-heavy investing without asset allocation can be painful.

Market turbulence of this nature is not just about losses; it's a wake-up call. Investors who once ignored diversification are now actively searching for assets that can withstand such uncertainty. But the reality is more nuanced. There is no single asset that is completely immune to geopolitical shocks.

Traditionally, gold has been the first line of defence during crises. It has historically surged during wars and gl...