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Why gold is glittering this Diwali

Posted on 25 October 2016

This Diwali may turn out to be one of the best in recent years for jewellers. The mood on the street is buoyant after gold rallied by more than 20 per cent over the past year, although there has been a bit of price correction ahead of the festival season.
This has increased the number of footfalls in jewellery showrooms, and jewellers are offering various schemes to boost sales. After a couple of dull seasons, we expect this season to see higher gold sales. Of course, given the price volatility of recent years, investors may wonder whether gold will yield superior returns going forward. It is a genuine concern: given that the domestic equity markets are hovering close to record levels, so beating returns from that will be tough…………………………………..Full Article: Source


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