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 […]
Click here to view original web page at www.financialexpress.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments