A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
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'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
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The US Federal Reserve's decision to continue bond-buying has lifted investor sentiment for gold and silver.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
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As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
Physical assets such as gold and real estate have their own positives and negatives, while other financial assets such as mutual funds, stocks and bonds come with their pluses and minuses. Let us look at both options in a little more detail.
Equity debt, gold - these all are terms you may have heard of when reading on funds but not quite sure where to start with or which one most suits your needs.
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Move 10 per cent of your portfolio to the yellow metal.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
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rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
India's annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.
Gold prices gained marginally, in an otherwise listless and cautious trading on the bullion market in Mumbai on Saturday owing to stray buying support.
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Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
Spot gold slipped 0.2 per cent to $1,579.06 an ounce.
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
The rally in silver may continue if the global economic recovery remains on course.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
In order to contain current account deficit, the Reserve Bank last month imposed restrictions on gold imports by banks and other authorised agencies.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
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In the past two years, investors in gold have lost money.
A dedicated physical gold exchange could lead to standard gold pricing in India.
In recent months, the interest in gold has grown palpably among investors across the world. Among the key reasons contributing to this sudden interest in gold is the fact that other asset classes, like stocks and bonds, seem very risky today.
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India retains its number one position in gold consumption in 2009, recording a total demand of 405.8 tonnes.
Analysts see steady long-term gains, say volatility to last for a short while.
Move over equity markets, mutual funds and bonds. Investors across India are these days picking up and trading in the latest investment avenue in town: the Gold Exchange Traded Funds.
Gold is often favoured as a hedge against economic and financial uncertainty
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