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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

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Gold  | Digital gold | Gold ETFs

Bindisha Sarang  |  Mumbai 



Gold

As Covid cases started reducing after the second wave, people began investing in riskier assets. As a result, 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, " has had a tepid run since last year. There were some headwinds against price appreciation, especially due to lack of fear (risk-off sentiment) and the runaway rally in global equities and fixed income." After being range bound with a negative bias over the past one year, gold prices are up by about 5 per cent since the beginning of November 2021.

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First Published: Fri, November 19 2021. 19:00 IST

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