Gold registered a good run in calendar year 2020 thanks to uncertainty around the coronavirus pandemic which caused a global equity selloff.

While optimism on development of COVID-19 vaccines backed a recovery in the share markets, gold took a breather after months of a broader surge. The yellow metal has so far this year clocked a return of more than 26 per cent, making 2020 its best year since 2011 when it had soared 38 per cent. Analysts say gold is poised for further peaks in the near future after the current rebound.   Gold's annual return in 2020 will be only the second best since 2008, the year of the global financial crisis.Domestic benchmark rates began the year around Rs 39,600 levels and moved within a range of 3 per cent until the coronavirus outbreak, which took the precious metal to unprecedented levels of Rs 46,000 in April, followed by Rs 47,000 in May and June, and Rs 49,000 in July.Typically, gold takes support from a general sense of risk aversion, especially when investors exit from stocks and rush to safe-havens such as precious metals and bonds.In August, domestic gold prices soared to an all-time high of Rs 57,100 following months of uncertainty around the pandemic, before giving up some of those gains in the following months on account of optimism around COVID-19 vaccines. Still, gold held the Rs 50,000 per 10 grams mark till November, before cracking to lower levels in the last month of the year.YearMCX FuturesAnnual Return2020 (till Dec 15)Rs 50,679.532.43%2019Rs 38,26920.71%2018Rs 31,7027.11%2017Rs 29,598-1.61%2016Rs 30,08217.11%2015Rs 25,686-6.53%2014Rs 27,481-7.86%2013Rs 29,826-6.14%2012Rs 31,77816.15%2011Rs 27,35937.52%(Source: MCX data)In a broader trend, gold has been appreciating since 2018.