See gold around $1400/oz by Q2, $1500/oz by Q4: Expert

Gold has been on a rise and has been up 22 percent year-to-date and this week passed the USD 1300 per ounce levels on back of risk off seen in equity markets due to Brexit fears.

Discussing the outlook for gold, Mark To, Head of Research, Wing Fung Financial Group expects gold prices to go to the levels of USD 1300-1400 per ounce by the end of second quarter and USD 1500 per ounce by fourth quarter.

According to Sanjeev Bhatia, CFO, PC Jeweller the inventory overhang is still getting cleared, so the demand for gold could be subdued but as the prices go up and as Indians prefer buying gold as an investment, the demand too would go up.

As of now, the company is confident of maintaining 15-20 percent growth, said Bhatia. Margins on gold jewellery are fixed but if demand goes up then the overall turnover too would increase, said Bhatia in an interview to CNBC-TV18.