There is a need for investors to embrace gold as a portfolio diversifier and for hedging strategy especially in the current environment that presents uncertainties, according to experts. The yellow metal is expected to have a good run in the coming times as demand will emerge, and it should be seen as part of portfolio diversifier by an investor at this juncture, the experts said in a webinar on ‘Gold Investment Opportunity and Price Outlook’ organised by the PHD Chamber of Commerce and Industry (PHDCCI) on Wednesday.
“Demand for gold will grow in the future. Therefore, the industry should take certain measures to address the current low demand for gold,” World Gold Council Managing Director (India) Somasundaram PR said.
Currently, as per the All India Gem And Jewellery Domestic Council, demand for gold is sluggish in the country following economic slowdown, job uncertainties and disruption caused by the coronavirus pandemic.
“Gold should be looked as a portfolio diversifier and is absolutely going to have a good run in the coming times as demand will come back,” Somasundaram said.