Sunil Kashyap, MD, Scotia Mocatta feels despite the sell-off seen there is still physical demand for gold especially from India, China which is supporting the prices and so the fall wasn't dramatic.
Managing director of Scotia Mocatta Sunil Kashyap says the way to play gold is on an accumulation basis.
Sunil Kashyap, managing director of Scotia Mocatta said gold will go up to USD 1800 per ounce if the economic turmoil continues.
Gold has been the asset class closest to the Indian investor's heart. It is not just the retail investor who is pouncing on gold ETFs, add banks corporate houses and institution and overall assets under management (AUM) has risen a whopping 54% over the last 6 months and why not?