Gold has historically had an emotional, a traditional - and for better or worse - a financial appeal for Indian buyers. Gold is deeply intertwined with our social, religious and family customs and festivals. Nothing better represents this aspect than our festivals like Diwali, Dussehra, Askhaya Tritiya, etc... So at the onset, let me wish you all the very best and success for all your new ventures and productive enterprises that you may take.
As a financial professional, it is our studied opinion that over the long term, it is the equities that create wealth and fend off inflation. Though gold also does have its place in the allocation scale, it should not be utilised as a strategic medium to generate wealth over the long term.
