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Below is a quote from Mr. Colin Shah, MD, Kama Jewelry on gold prices 

We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY24, offering a secure avenue for investors seeking exposure to gold. The first series was issued on June 19 at Rs 5,926 per gram. We expect the second issue, 2023-24 Series II, which will be issued between September 11 and 15, 2023 to be issued at a slightly lower rate. Gold is expected to outperform most asset classes due to the anticipated slowdown in China, and other major economies including the US. This will drive high alpha-seeking investors to alternative investments and safer avenues like gold. According to various analyst estimates Gold is expected to rise by more than 10% GAGR up to the year 2026. Considering these factors, we expect the 2023-24 Series II gold bonds to deliver substantially above-average returns of more than 20% in the long term."

Mr. Colin Shah, Founder and Managing Director of Kama Jewelry

Mr. Shah initiated into the diamond trade at the age of 17 with hands-on training in polished assortment, diamond manufacturing, and jewellery manufacturing. He is a first generation entrepreneur who started own business at the age of 21, exporting diamonds to Japan and Gulf along with the local market. He is a certified Gemologist from International Gemological Institute. He is Former Chairman of Gem Jewellery Export Promotion Council (GJEPC), and current member of FIEO

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