Expert says, “Gold is the best investment option now will surge in 3 months.”

While the coronavirus epidemic has caused havoc all over the world, investors also suffer. Not only the equity market, the mutual fund scheme is also continuously sinking investors ‘ money. This year, where the stock market has broken down by 35 to 36 per cent, the mutual fund’s equity scheme has also delivered negative returns in double digits. Once again, gold has stood up for investors in the crisis. Today, gold crossed the 42,500 level at MCX, touching the 42785 price. Gold gained more than Rs 1300 a day. The expert says that gold can be the best option if you want a safe investment at present. In 3 months, it can show up to Rs 46,000.

Ajay Kedia, director of The Kedia Advisory, says that when gold fell big in the past, there was a fear among yellow metal investors. Gold fell from 45,000 to 38,000 per 10 grams in the domestic market in a few days. The international market fell from $1700 to $1450. But this was in the form of declining margin periods. In fact, when markets across the world were declining and global recession became a situation, more and more people are trying to keep the cash. The margin swelled in gold, so people began to sell. But now gold has started climbing again.

Kedia says that gold has been considered safe haven at the time of the scant. Because gold can provide liquidity immediately if needed. The World Gold Council (WGC) has also pointed out that gold is the best investment option in times of crisis. Gold can provide the necessary liquidity and liquidity in times of crisis. There is also no risk of credibility. It also improves the performance of your entire portfolio.
Will continue to accelerate further

The deputy vice president of Angel Broking, Commodity and Currency Anuj Gupta, said a similar situation was created during the 2008 recession. There was a big decline in gold and silver during that time. Even then, in the desire to keep the cash, people had margin calls in gold and silver. The way people lost their equity, they compensated it to some extent through gold and silver. But even after a major drop in 2008, gold saw a spurt.

Anuj Gupta says gold is a better investment option when it comes to the current era. There is a weakness in the rupee. On Monday, the rupee crossed the 76 level to a record low. The dollar demand has risen. The rupee may continue to weaken even further. Investors, on the other hand, have the best options in the form of safe haven gold in the recession. As long as there is uncertainty in equities, investment in gold will continue. Gold is expected to continue to boom even further. Kedia says gold is looking up to Rs 46,000 per 10 grams in the next 3 months.

Kalyani Sinha
Kalyani Sinha
Kalyani is an avid research scholar from New Delhi. As a person, she is strongly mellow and adamantly non-Art. Unorthodox; literature is soul. Not only is she in demand for the curious ability that she prospers to capture the essence of technology and development , it is also that, set as a milestone in her journey filled with intrigue, is the study of cryptocurrencies and blockchain. A stepping stone in this journey is her role at StackZea.