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Below is the Views On Perspective on Gold reaching all time high by Kishore Narne, Associate Director & Head Commodities and Currencies, Motilal Oswal Financial Services Ltd
“Gold has seen phenomenal returns in the last calendar year on the back of slowing growth and falling interest rates, but with the Covid-19 coming in to picture followed by shutting down of economies lead to collapse of broader economy. The coming years will see enormous push of liquidity from central banks through printing of money and massive expansion of fiscal deficits leading to depreciating paper currencies provide perfect backdrop for continuation of gold rally. We continue to see gold repeating returns of 30-35% for the next two years as well. Indian gold prices reached an all-time high, but a large part of this has been driven by depreciating rupee and increased import duty, but international gold prices still are much lower than all-time high and has much room to grow from here”.
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