Gold is six month low. It is below Rs 30,000 per 10 gm in rupee terms and below USD 1600 per ounce in dollar terms. Silver prices too are lower. Gaurav Mashruwala, certified financial planner says gold should be part of every portfolio including debt and equity.
Investors with a short term horizon should refrain from investing in equity mutual funds as they attract exit load and given the current volatility in the market, advises Pankaj Mathpal of Optima Money Managers. Instead, one should opt for recurring deposit in any bank which will fetch 8% returns per annum.