For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Should You Buy Gold Or Not This Akshaya Tritiya?

|

While we are already facing an unprecedented situation with the outbreak of Covid 19 and to overcome it lockdown has been in place for quite a while now, the auspicious occasion of Akshaya Tritiya that falls on April 26, 2020 can still lure some of the people with cash reserves to consider buying the yellow-metal online.

Should You Buy Gold Or Not This Akshaya Tritiya?
 

Here have been discussed ways to buy gold online

But besides the auspicious factor that comes with Akshaya Tritiya, is it really the right time to buy the metal, here we will ponder on this question:

This can be discussed in two points based on your current portfolio allocation as well as the price factor.

Why Not To Buy Gold Now?

Given the high price the precious yellow-metal commands as of now, with today's price at Rs. 4534 per gm for 22k jewellery, few of the analysts opine that markets have already discounted the bad news in the economy and gold has precisely enjoyed the run-up on account of it. So, betting on the yellow-metal at such high price will be similar to taking position in stocks at their higher price to earnings ratio.

So, if you already have allocation in the metal you can still refrain from adding further portion.

Considering future outlook on the metal

Given the current turbulent times world over with the outbreak of Covid 19 which has stimulated world economies to come up with fiscal and monetary packages, gold is foreseen to hit prices not seen previously.

As per a foreign brokerage in a span of just 1.5 years, gold will increase in rupee terms by 75% to Rs. 82,000 per 10gm. So, if you do not diversified and hedged your portfolio against different risk with gold in it, what better day can be than today's to take a buy call in the precious metal.

 

Hefty return of 47% from Gold over last year's Akshaya Tritiya's Price

Further gold which has been underperforming for so many years in a matter of 1 year when comparing previous year prices on Akshaya Tritiya where gold was priced at Rs. 31,500 per 10 gm and current prices has yielded 47% return.

One view suggest that with little room for easing left on interest rates now gold will gain its appeal further and may scale beyond Rs. 52,000 per 10 gm in price in this year.

GoodReturns.in

Story first published: Sunday, April 26, 2020, 8:27 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more
天天躁夜夜躁狠狠,99re6热这里在线精品视频,色播亚洲视频在线观看