Unexpectedly Gold price touched Rs.74,000 per 10 grams. Why such a price jump immediately? Should you invest? Is it wise to include gold in your portfolio?
Recently one of my clients asked me one interesting question. We always say that Gold has a negative correlation to the equity market. However, if we notice the current trend, we can find that both asset classes are touching all-time highs. Is it not funny?
Let us try to understand the reasons behind the sudden surge in gold prices and try to understand who can invest in gold now.
Gold touched Rs.74,000 – Why the price is increasing?
During the 2020 period, a significant surge was observed, followed by a period of stability in the gold price. Subsequently, there was a substantial increase in price for several months.
Prior to analyzing the recent surge in gold prices, it is essential to comprehend the underlying factors driving this trend. Despite the common belief that Indians are major contributors to the increase in gold prices…