Investors should book partial profits if gold allocation is over 10%

Instead of falling prey to FOMO and diving in headlong, new investors should enter gradually and with a long horizon

Gold touched a record high of ₹1.24 lakh per 10 grams on October 7, according to media reports. It is up 62.4 per cent over the past year. The yellow metal also crossed $4,000 per troy ounce for the first time in the international market. 

Central bank purchases a key driver 

Central banks are diversifying their reserves away from US dollar holdings. “About 25 to 30 years ago, central banks typically held 75-80 per cent of their reserves in US treasuries. That figure has fallen below 60 per cent and could drop further in the future,” says Vikram Dhawan, head