The festivals of Dhanteras and Diwali are likely to see hectic gold buying. However, as you head to the local jeweller to make the traditional purchase, you would be wondering whether gold is a good investment at this point? Is physical gold the best way to increase your gold holding?
Investment experts and gold traders are confident that gold will give good returns from current levels. However, they feel that one should be cautious on the amount of purchase and could also look at alternative means of purchasing gold other than buying the physical metal.
“Gold had once again crossed the $1300 an ounce and there are expectations that it will move up. There is enough upside. Over the longer period, it is good investment. There are geopolitical tensions, such as in North Korea and Syria, that would support gold,” Saurabh Gadgil, Director, India Bullion and Jewellers’ Association (IBJA), West Zone and CMD, PNG Jewellers told Moneycontrol.
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