Move to gold amid selloff in Indian equity markets, says WGC

In this country, the benchmark S&P BSE index has fallen a little over five% this month

The ongoing selloff in Indian equity markets has opened an opportunity for portfolio diversification in favour of gold, to reduce risk and aim for better return.

So argues the World Gold Council (WGC), official market development body for the metal's mining industry.

In this country, the benchmark S&P BSE index has fallen a little over five per cent this month. Since its recent high of 36,283 on January 29, the decline has been 6.8 per cent to Thursday’s 33,820. The National Stock Exchange’s Nifty 50 has fallen 6.7 per cent from its recent high of 11,130 on January 29.
 

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