Maintain some allocation to gold despite 14% correction from peak

You need it to provide a hedge against a possible third wave, or correction in equities

After a stellar run in 2020, gold prices have been on a downward spiral in recent months. After hitting a lifetime high of Rs 55,922 per 10 grams in August 2020, the yellow metal is now trading at Rs 48,096, down 14 per cent from those levels. Today economic recovery and inflation are the key factors impacting the prices of asset classes. While there is uncertainty about the road ahead for gold, experts say investors must maintain some allocation to it.  

Safe-haven demand diminishing

Covid-19- induced lockdowns and uncertainty all over the world had buoyed gold prices in the first