Gold has already crossed the Rs 50,000 mark and may touch Rs 65,000 per 10 gram by year-end, thanks to the fiscal stimulus from the government and low-interest rates.
Buffett’s reversing his long-felt antipathy to gold suggests that there are plenty of reasons to be fearful
With this, net inflow in gold exchange traded fund or ETF category has reached to Rs 4,452 crore in the first seven months of the year, data with the Association of Mutual Funds in India (Amfi) showed
When dollar depreciates gold gains. The dollar has lost 4.4 percent in July and hit a two-year low, in turn pushing up the price of gold
Gold is slated to continue its bull run in the near term
Experts are of the view that as long as Gold holds 46,700 chances are high for the precious metal could retest 47000 per 10 gm.
If there is too much gold in your portfolio, you can afford to book some of the gains
It does make sense to be overweight on Gold, as non-risky & safe-haven buying has been the flavor of trading since the US-China Trade issues in the latter half of 2018.
A 5-10 per cent allocation to gold in the overall portfolio is what most financial planners advise
According to latest data available with Association of Mutual Funds in India (Amfi), a net sum of Rs 202 crore was pumped in gold-linked ETFs in January as compared to Rs 27 crore in the preceding month.
The next couple of months are going to be action-packed for gold due to the numerous downside risks that currently persist in the global arena
The recent policy change such as reduced corporate tax is going to have a long term positive impact on markets. One must utilize the dips as market could be seeing higher levels of 12700-12900 in next 1 year.
Sovereign Gold Bonds offer a better alternative to physical gold with tax-free interest and carry no purity risk
Gold has a low correlation with other asset classes, which makes it a good diversifier
Traders can buy Gold October Futures above 38,400 with 38,100 as stop loss and target towards 38,800 can be expected.
The index has formed a Hammer candlestick pattern on the weekly charts which indicates a bullish bias and is likely to test the neckline of 11,100-11,150 zone.
Compared to gold, all equity fund categories have delivered negative average returns in the last one year
You need to counterbalance currency risk with gold
Harit said he expected gold prices to remain in an uptrend in the near term, which will automatically help gold loan companies grow at an even faster pace.
Trading in gold ETF has been lukewarm in the previous four fiscals. It had witnessed an outflow of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.
The following article is an initiative of Paisabazaar.com and is intended to create awareness among the readers.
Trading in gold ETF segment has been tepid during the last four financial years. It witnessed outflows of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.
Investment in gold as an asset class acts as a hedge against geopolitical uncertainty, store of value or inflation hedge, and benefits in case of rupee depreciation.
Gold investors are advised to allocate primarily through the gold bonds and/or through Gold ETFs
With short term weakness gold can be accumulated as a means of portfolio diversification.