Akshaya Tritiya next week: Is it a good time to buy gold?
The recent rise in gold prices may not last, say experts Gold prices have been rising in the international markets and touched a five-month high last week. In 2017, gold has already seen a rise of 13-14 per cent. This trend was mirrored in the domestic market too, where the price for 10 gms gold touched Rs 29,425, though the increase has been around 6 per cent or so, due to a stronger rupee. Is this reason enough for investors to buy gold again? Given that it is Akshaya Tritiya next week, an occasion when it is considered auspicious to buy gold, is this a good time to add gold to your portfolio? According to experts, while there may be a reversal in the fortunes of the yellow metal, it may not be sustainable. Hence, there is no need to stock up on gold investments. But if you have pared down your disposable gold investments, in the form of exchange-traded funds or gold bonds to zero, you could look at buying in dips from now on, but limit the purchase. In the last couple...