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India is a market which can bring big nations to its knees by virtue of its buying power. The whole world has suddenly become bearish on gold but we are still bullish as this is an asset which always outperforms in high inflationary environment and people have been hoarding it since Egyptian era.
Thus do not get bogged down with price touching 25000 per carat in India as we see the demand of gold going up due to Akshaya Tritiya and the marriage season ahead in forthcoming 3-4 months. So, now is the right time to buy the gold even for investment purpose.
Have a look at below image which shows why gold has gone down and why it will go up as India is biggest consumer of gold.
Thus do not get bogged down with price touching 25000 per carat in India as we see the demand of gold going up due to Akshaya Tritiya and the marriage season ahead in forthcoming 3-4 months. So, now is the right time to buy the gold even for investment purpose.
Have a look at below image which shows why gold has gone down and why it will go up as India is biggest consumer of gold.
