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Gold likely to move higher in Samvat 2076; make a strategic allocation

While in the near term, gold can remain range-bound as there are various conflicting forces at play, there are triggers that can propel prices higher in the long run

Topics
Gold trade | Jewellery Gold | Samvat 2076

Chirag Mehta  |  Mumbai 

Investors who put in money in gold as an asset class have reaped a good harvest with prices moving up nearly 22 per cent thus far in Samvat 2075. However, the run-up should not deter investors from investing in the yellow metal in Samvat 2076.

Following the remarkable rally over the last few months, gold prices are now consolidating. While in the near term, gold can remain range-bound as there are various conflicting forces at play and no single factor seems to influence the price direction, there are triggers that can propel prices to higher levels over the long term. Despite the ...

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First Published: Thu, October 24 2019. 13:06 IST
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