Gold still the best option for investors
Gold and silver prices are surging to a new peak almost every day. Market is jubilant as the precious metals are crossing their own records. Sustained buying by speculators, a strong rally in overseas markets and hectic buying by stockists and retail customers ahead of `Akshya Tritya`, gold and silver seems to be the most preferred investment option.
In a special conversation with Reema Sharma of ZeeBiz.com, SK Jain, Vice President of All India Sarafa Association shares his views on gold and silver’s investment prospects.
What kind of demand for gold do you see this Akshay Tritiya?
Generally the trend this year is that people are buying both silver and gold. I think the demand is certainly going to be something between 15 to 20 percent this year. The spurt in demand is because of the high returns that gold and silver have given this year. Silver astoundingly has given more than 150 percent return in the past one year. May 06, 2011 Read More