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Gold bonds will score over ETFs

Invest in these for the long term; a Fed rate hike and an import duty cut by the government could trigger a correction in the next few months

Illicit gold: India's smugglers shut out refiners, banks

After giving negative returns in the previous three calendar years (2013-2015), gold has rallied around 20 per cent in the Indian market year-to-date. Having run-up so much, there is a question mark on whether the yellow metal can repeat its stellar performance in the near term. The possibility of one Fed rate hike this year and a couple more in 2017 also casts doubt on the yellow metal’s prospects in the short term. Experts are of the view that only investors with a long-term investment horizon should invest in the latest tranche of sovereign gold bonds issued by the ...