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    The current correction is temporary, add to your position in gold

    With liquidity remaining high and real interest rates continuing to be low, gold is expected to do well for at least the next 18-24 months

    Topics
    India gold demand | Gold demand

    Sanjay Kumar Singh  |  New Delhi 

    At the start of this year, gold was trading at Rs 38,962 per 10-gram level. It then rose 43.5 per cent level to touch a peak of Rs 55,901 on August 7.

    Since then, however, the yellow metal has corrected around 9.4 per cent and is now at the Rs 50,636 level. This correction has left investors in a quandary, with many asking: Has the bull run come to an end, or does it still have some steam left? Correction is temporary The foremost reason for the correction witnessed seen since August is that the rally in the preceding months had been very sharp. “No asset class can keep ...

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    First Published: Fri, October 30 2020. 16:59 IST
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