Quote On Gold: It has outperformed major asset classes in the last one year Says Prithviraj Kothari, MD CEO of RiddhiSiddhi Bullions Limited
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/907a595aafd6b49c0373826a5669c24d.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below On Quote On Gold By Prithviraj Kothari, MD CEO of RiddhiSiddhi Bullions Limited
Gold has outperformed major asset classes in the last one year. Though internationally, gold prices are trading at 2 year low, domestically, gold is up 7-8% from the levels of Rs 48000/10 gm from last Diwali, due to USDINR depreciation. We are seeing good demand for gold buying in India with the start of the festive season this month. As rising inflation seems to have peaked out, we will see interest rates stabilising going forward in 2023, which will be a supportive environment for precious metals and gold will continue to give a historical return of at least 10% by next Diwali.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/vedanta ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ChemicalS030124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shiping_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Goa.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget day choice.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/anantha22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_HimachalPradesh.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Capex_80.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Healthcare sector_348.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Oil and gas sector _2.jpg)
Crude Tumbles 10% Amid Global Surpluses and Geopolitical Tremor By Amit Gupta Kedia Advisory
![We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY2 Says Mr. Colin Shah, MD, Kama Jewelry](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
![Gold Year-End Outlook 2023 By Chirag Mehta, Quantum Mutual Fund](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/3f93149de5cd87d9a8e7195f400b89e5.jpg)
![Gold On Thursday, Spot Gold slipped over 1.4 percent to close at $1742.6 per ounce By Mr. Prathamesh Mallya , Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/27b2767da0cff35fe53067fffd8cc337.jpg)