 "The data suggests that the 10-year rolling return has been on a downward course for nearly seven years after touching a record high of 20.3 per cent in July 2013")
The recent resurgence in Covid-19 cases and sporadic lockdowns across the globe might do little to add the lost sheen in gold prices due to the aggressive vaccination programme and the bleak possibility of a prolonged lockdown in emerging market countries like India, said analysts.
However, on a long-term basis, they are quite bullish on the prospects of the yellow metal and believe a 20 per cent correction in the prices from here makes it a good buying opportunity.
Gold prices have skidded 24 per cent, from an all-time high of Rs 56,018 per 10 gram scaled in
