Gold's comeback in portfolios
Despite having run up substantially in the past year, recent events like Brexit can lead to further gains
Last Updated at June 28, 2016 08:40 IST
While the BSE Sensex has been taking a serious hit because of global uncertainties, gold has quietly made a comeback, in terms of returns. In the past year, when the Sensex fell 5.1 per cent, gold funds returned as much as 17-18 per cent.
On Friday, when the British population voted to exit the European Union, popularly known as Brexit, investors rushed to the yellow metal’s safe haven, leading to a four-per-cent surge to Rs 30,755 per 10 grammes. No wonder, fund managers are busy fielding calls from potential investors who want to invest in gold. “We have got some enquiries ...
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First Published: Mon, June 27 2016. 22:40 IST