Monday, 17 June 2013

Economic Times: Gold can still add shine to your portfolio, but it's best to take SIPs

The price of gold has fallen 18.75% in the past six months in dollar terms in the international market. However, the yellow metal has lost only 13.45% in India during the same period. Globally, with the advent of 'risk on trade', an environment in which investors are willing to take risk, gold prices are expected to remain under pressure.

However, the story may be a little different in India - the weak rupee may support gold prices. Also, the legendary Indian appetite for gold is likely to emerge every time the precious metal takes a beating. Sure, the government has been making a lot of noise about curbing gold imports, but it remains to be seen how it will materialise.

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1 comment:

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