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Below the Views on the importance of gold and gold ETFs in the portfolio on Akshaya Tritiya by Mr. Chintan Haria, Principal  - Investment Strategy at ICICI Prudential AMC

“Buying Gold on the auspicious occasion of Akshaya Tritiya is one of the long held traditions in India. Since the past three years, the yellow metal has delivered a healthy CAGR of 13%. Going forward, too, the outlook remains positive. Potential delay in the US Federal Reserve’s interest rate reduction decision, rising geopolitical tensions, expensive domestic equity market valuation and parliamentary election outcomes are all factors due to which gold is likely to remain in spotlight. Given this scenario, it may be worth considering gold as a part of one's overall asset allocation and as a hedge against inflation and macroeconomic uncertainties. Today, an individual has multiple ways to take exposure to gold, and the easiest among them is to invest in a Gold ETF. Gold ETF is a convenient and cost-effective way to gain exposure without having to worry about physical ownership or storage. Liquidity too is not a matter of concern as units of gold ETF can be bought and sold on the exchanges during the trading hours. ”

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