The yellow metal reached its life-time high of Rs 42,000 in the first week of 2020. The precious metal has been hovering around the new peak since then: 24 karat 10 grams of gold was priced at Rs 42,360 on February 1. Gold has risen by around 25% in the last one year. Given the high prices, does it make sense for investors to invest in gold now?
Mutual fund managers believe there are both strategic and tactical reasons to continue investing in gold. They say gold acts as a portfolio diversifier and so many uncertainties in the global economy makes a strong case to keep investing in gold.
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