India, Nov. 1 -- By Animesh Deb

New Delhi/Mumbai [India], November 1 (ANI): When gold prices in India breached the Rs 1 lakh per 10 grams mark earlier this year, it triggered a rush of buying, in what is widely referred to in the digital age as FOMO (fear of missing out).

According to Sachin Jain, Regional CEO (India) at the World Gold Council (WGC), the phenomenon reflects investors' fear of missing out as prices climb to historic highs every now and then.

"...you would have seen in your circles as well and lot of people would just say, I think I missed the rally...I should have entered when it was this much (price). I should have entered when it was one lakh. So there is always this catch up," Jain told ANI in a virtual interaction, ...