Business Standard

Buy gold on dips in the short term as a hedge against rising prices

Amid a global surge in inflation and rising crude oil prices, markets expect central banks to hike interest rates sooner than expected

Gold
Web Exclusive Premium

Bindisha Sarang Mumbai
As Covid cases started reducing after the second wave, people began investing in riskier assets. As a result, gold prices corrected from the peak in August 2020. But now, anticipating high and sustained inflation, some investors are once again betting on the yellow metal, which has traditionally served as a good hedge against rising prices. Sameer Kaul, Managing Director & CEO, TrustPlutus Wealth (India), says, "Gold has had a tepid run since last year. There were some headwinds against gold price appreciation, especially due to lack of fear (risk-off sentiment) and the runaway rally in global equities and fixed income."

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 19 2021 | 7:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com