Quote on Gold by Rajeev Sharan, Head of Research, Brickwork Ratings
Below the Quote on Gold by Rajeev Sharan, Head of Research, Brickwork Ratings
"As India celebrates Dussehra, 24-karat gold is trading near INR 1.48 lakh per 10 grams after cooling over 6% last month from its record highs. What has changed this festive season is not the Indian household's love for gold, but how people are buying it. Families are keeping their festive rupee budgets steady even if it means taking home lighter jewellery, while a growing share of money is moving into gold coins, bars, and exchange-traded funds. That shift matters because festive buying is turning from pure ornament shopping into disciplined wealth protection. Going forward, high US interest rates will cap any runaway rally, keeping gold within a plus or minus 5% range near term. This Dussehra, buyers are treating recent price dips not as a warning, but as an entry point."
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