New Delhi, Feb. 9 -- After the announcement of the India-US trade deal on 2 February, foreign flows are set to reverse, as other global markets have already performed well and become expensive too, said Viraj Gandhi, chief executive officer at Samco Mutual Fund.

A 20% rise in gold prices in a month is a statistical rarity, which happened in 1971, after which prices fell. Now gold and silver have become such large economies in themselves that they might not move this fast, Gandhi said.

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Foreign flows are most likely to reverse now. This may be considered the time to buy the India story. Foreign investors will be looking to buy India, as the US, South Korea, and China have become more expensive relative to it. And these m...