Investors may turn towards gold as prices may rise this much; yellow metal gives 40% return in half-year

Investors may turn towards gold as prices may rise this much; yellow metal gives 40% return in half-year

A massive 40 per cent return in just half year supported by strong fundamentals gave a boost to the attractiveness of the metal for investors. The coronavirus pandemic, on one hand, led to a fall in gold and silver jewellery demand but on the other hand, it has wooed the investors towards investing in bullion. The sharp on-year rise in the price of gold and silver compared to last year is expected to attract investors this year, the Confederation of All India Traders (CAIT) today said. While there is a fall in people’s purchasing power due to the disruptions led by the pandemic, rising prices of gold and silver may bring huge investment to the markets this year as always, CAIT President B C Bhartia said in a statement. Gold prices are expected to surge to Rs 65000-67000 per 10 gm in long-term, showed a report by Motilal Oswal […]

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