New investors should enter gradually and with a long horizon. 'Staggered investment through systematic purchase plans is advisable rather than lump-sum buying.'
The recent correction suggests that while precious metals hedge geopolitical tension and inflation, they are not immune to sharp short-term corrections and profit-booking.
Weddings today are not just events, they are full-blown productions. Between Instagram aesthetics, Pinterest pressure, relatives with opinions and budgets that magically stretch themselves, brides often find themselves overwhelmed long before the pheras begin.
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 per cent from its current level of $2,645, according to a recent report in Business Standard. Domestically, gold is trading at Rs 76,018 per 10 grams after delivering a remarkable 21.9 per cent return in the past year.
His invention, 'A novel rapid prototyping approach to tissue engineering,' has won him many awards, the latest being an induction into the National Museum of Education's Gallery for America's Young Inventors.
Gold prices rallied Rs 910 to hit a fresh all-time high of Rs 83,750 per 10 grams in the national capital on Wednesday due to heavy buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 82,840 per 10 grams in the previous trading session.
New investors should gradually build a 5 to 10 per cent allocation to gold.
The rally in silver may continue if the global economic recovery remains on course.
Meet the winners of the Filmfare OTT Awards 2023.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".