With prices of gold expected to shoot up during the Indian marriage season beginning November, portfolio strategists have begun to advise clients to invest in gold. “with stock and real estate markets are not performing well, I am advising my clients to invest in gold as gold prices are set to boost in future,” says investment adviser. “Gold prices will shoot up to around Rs 16,000 per 10 grams in November during the marriage season.”
At present gold prices are hovering around Rs 14,000 per 10 grams. Investors can earn a return of anything between 15 and 30 per cent in just one month, These experts said. However, not everyone is equally optimistic as gold prices have been showing a lot of volatility in recent times. “The price fluctuations are very erratic. Nothing can be predicted in a market situation like this. No laws work in this kind of situation.” The general expectation is the prices will rise as
supply of the yellow metal is drying up. India is the world’s largest market for gold.
