close

Up nearly 10% in 2023, Fed policy pivot may provide fresh impetus to gold

Elevated interest rates in United States for a prolonged period will, on the other hand, cap the upside

Bindisha Sarang Mumbai
Gold
Premium

Investors could opt for options like sovereign gold bonds (SGBs) or exchange-traded funds (ETFs) and funds to invest in gold

Listen to This Article

Gold is up 9.7 per cent year-to-date (YTD). An investor who bought gold on Akshaya Tritiya last year would have seen the value of his investment shoot up by 14.6 per cent. The question investors need to ask themselves is whether they should make a substantial investment in the yellow metal this Akshaya Tritiya, or go for a token purchase only after such a strong run up.
Positive drivers: Banking crisis, slowdown  
Despite the strong run up over the past year, gold may continue to perform in the current environment of uncertainty. The recent crisis among regional banks in the United States (US) sent jitters through the financial system. “This crisis made the economic impact of higher interest rates apparent. More damage to the financial system could possibly be revealed in the near future,” says Ghazal Jain, fund manager, alternate investments, Quantum Asset Management Company.
Or

Also Read

Gold trading at Rs 51,290 per 10 grams, silver selling at Rs 60,400/kg

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts

Gold trading at Rs 50,950 per 10 grams, silver selling at Rs 58,100/kg

Gold price up by Rs 550, trading at Rs 53,730; silver rises by Rs 700

Gold, silver prices unchanged today; yellow metal trading at Rs 53,950

Enter longer-duration lease to control hike in home rental rates

Fund pick: DSP Equity Opportunities Fund

Ultra-rich Indians are now parking more money in gold: Knight Frank survey

Jog, dance, lift weights: Your guide to what to do at neighbourhood gym

Investors should stagger entry into medium-to long-duration debt funds

First Published: Apr 21 2023 | 8:57 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. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com