New Delhi, Jan. 13 -- Gold prices are expected to continue their upward trajectory toward USD 5,000 per ounce as global uncertainty persists, according to Sadaf Sayeed, CEO of Muthoot Microfin, one of India's leading microfinance institutions.

In an interview with ANI, the CEO of Muthoot Microfin spoke on market developments and emphasized that gold remains a natural hedge against volatility. "Globally, people use it to hedge any sort of volatility and uncertainty. As the volatility in the global market is continuing, and every day there is a new development happening, people's natural hedge is gold," he said.

The CEO noted that various banks have estimated gold prices could touch approximately USD 5,000, driven by sustained demand amid...