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Below the Quote on Gold by Mr Avinash Agarwal, Senior Vice President and Head of Equity at Bandhan Life

“Gold and silver have witnessed a healthy correction over the past six to eight months, making their price movements worth watching. The long-term outlook for gold remains positive, supported by central banks increasing their gold purchases and the gradual shift in investor preference towards gold as an alternative to the US dollar. However, gold prices will remain sensitive to US bond yields, the dollar’s movement and the US government’s fiscal policies. For Indian investors, rupee movements will also influence domestic gold prices. If the US addresses its fiscal deficit, gold could face near-term pressure; otherwise, its positive momentum may continue.”

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