Gold price outlook: Planning to invest in gold? Here’s why you should avoid lumpsum buying

Quick Summary:

Gold price: Analysts recommend a staggered approach for gold investments over the next 3-6 months due to potential price pullbacks, despite a bullish long-term outlook.

Gold has outperformed major indices this year.

Modi predicts that gold prices could reach rs 86,000 per 10 grams over the next two years, although there will be sharp fluctuations along the way.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChina

Topics: Gold ETF Gold rate today Gold vs nifty Gold investment Gold prices Business news Gold price outlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 21:00:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22955169

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 18 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

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