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Gold Sees Pullback To Rs. 48000 Per 10 Gm: What Should Investors Do?


Gold has now corrected to Rs. 48100 levels on the MCX in Friday's trade primarily led by optimism on quicker recovery from the pandemic in light of strong data as well as progress being made on vaccine front.

So, now the given trend reversal price reversal, when price of gold has crashed by almost Rs. 8000. Can investors in the yellow metal should still be bullish:

Gold Sees Pullback To Rs. 48000 Per 10 Gm: What Should Investors Do?

And optimism in the yellow metal should not be weighed by the current pullback as it is only a short term phenomena and is only an effect of lower investment into Gold ETFs which saw record inflow during Covid 19 time.

What should investors do as gold recedes in price to levels of Rs. 48000 per 10 gm?

The annualized gain of 24 percent not around this time, but also at other instances, suggest how gold is a store of value and can deliver returns enough to beat the inflation rate.

So, investors without gold allocation in their portfolio need to have them either as SIP investment which can help them gain the averaging benefit or can also start parking in Gold ETF which is a mutual fund with underlying investment in gold.

Read more about: gold gold price investment
Story first published: Saturday, November 28, 2020, 8:49 [IST]
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