In the current financial year, gold has so far emerged as the best return-giving asset class with an FY20 return of 16.5 percent, outshining all other major asset classes. There is no sign of other markets like equities giving returns that are better than gold in the near future. Once investors are convinced that they will have to live with high gold prices, demand will also come and investors will still have something more to earn from gold.

With growing concerns over a further escalation in the US-China trade war, the next level for gold can be $1,520. In MCX, gold futures price could touch Rs 38,800-39,000 by October. If the rupee weakens to 72 a dollar, even Rs 40,000 per 10 gram won’t be a surprise

 

Source: Business Standard

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