Buy gold on dips to benefit from price rally

Allocation up to 15% will be ideal to stabilise portfolio

- SAIKAT NEOGI

GOLD HAS EMERGED as one of the top performers among asset classes this year as prices have hit an all-time high of ₹83,700 per 10 gram. The uncertainty in the equities market and demand for safe-haven assets have pushed up prices of the metal.

Experts suggest individuals buy gold on dips as the metal has been a favourable choice during periods of increased volatility and geopolitical uncertainty. Investors can raise allocation to 15%, which will be an ideal option for stabilising the portfolio.

Kaynat Chainwala, AVP, Commodity Research, Kotak Securities, says there is potential for more upside in gold in the near term. "For investors looking to capitalise on this, buying gold on dips or accumulating it at attractive price levels could offer significant benefits if the price rally continues," he says.