Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
you are here: HomeNewsOpinion

Gold still adds a little lustre to a very well-diversified portfolio

Volatility in prices has taken the sheen off the metal as a safe-haven asset — though the rich still like their jewellery

©The Financial Times Limited 2020 Dec 2, 2022 / 12:45 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Gold still adds a little lustre to a very well-diversified portfolio

Representative image

Stefan Wagstyl On the face of it, gold has lost none of its age-old allure. Russia-born billionaire Vladislav Doronin this year used nearly 40kg of the stuff to gild the outside of the Crown Building, a landmark New York skyscraper housing a hotel and luxury apartments. It is an extravagance reminiscent of Croesus, the legendarily wealthy king of ancient Lydia, who routinely donated bullion to gold-plate statues in temples when he needed a spot of divine assistance. Gold jewellery, too, is...

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers