The current expectations of a substantial correction in equity prices are not a good reason for you to change your asset allocation; you need to know how asset prices behave across cycles, the asset risk, and the long-term return expectation.
ETF and investment flow into gold are increasing, reflecting growing investor confidence; given this favourable environment, the global gold price could hit $3,000 in the coming months.
Gold and silver prices today: In Delhi, 10 gm of 24 carat gold was at Rs 73528.0 and 1 kg of silver was Rs 83140.0. In Mumbai gold was trading slightly lower at Rs 73384.0 for 10 grams.
Gold prices slipped early on September 2, tracking a global downturn and reacting to US economic data and Fed rate cut speculation. With key reports and potential policy changes ahead, find out how these factors could impact gold and silver markets .
Gold demand in India: Industry experts anticipate a robust increase in gold purchases for Diwali, Akshaya Tritiya, and the wedding season after import duty cut.
Gold prices opened flat today on the MCX at Rs 71,530/10 gm amid US Fed rate cut buzz. Investors advised to maintain a buy-on-dips strategy with support at Rs 71,000 and resistance at Rs 72,800/10 gm.