INSUBCONTINENT EXCLUSIVE:
Dhanteras: Experts recommend buying gold this dhanteras as it provides support against inflation.Gold prices traded in the green on the
occasion of Dhanteras 2018
At 12:14 pm, gold price was at Rs 31,809 per 10 gram, up 0.19 per cent on the Multi Commodity Exchange (MCX)
Silver prices followed suit after earlier trading in the red
Silver price was at 38,649 per kg, up 0.08 per cent, according to mcxindia.com
Buying of gold is considered to be auspicious on Dhanteras
Experts recommend buying gold this dhanteras as it provides support against inflation.How is gold as an investment this Dhanteras"Gold as an
asset class provides good amount of diversification benefit as it has a very low correlation with other asset classes
While large parts of a portfolio are occupied by growth oriented products, gold provides a hedge against inflation and volatility," Vijay
Kuppa, Co - Founder, Orowealth, told TheIndianSubcontinent.Experts recommend an allocation of 10-15 per cent of your portfolio in physical
"It is suitable to have 10-15 per cent allocation towards gold or gold funds
Gold prices are currently witnessing an upward momentum
The remaining allocation can be parked in high fundamental stocks," said Dinesh Rohira, Founder and CEO at 5nance.com.(Earlier on Saturday,
gold prices recovered by Rs
32,650 per 10 grams amid festive season demand.)Earlier on Saturday, gold prices recovered by Rs
32,650 per 10 grams amid festive season demand
For the week, gold prices surged to a near six-year year of Rs
32,780 before ending at Rs
