New Delhi, June 5 -- Gold, silver prices in your city, June 5: Gold has jumped due to uncertainty over the US-China tariffs deal, geopolitical uncertainity in Europe (Russia-Ukraine war), and anticipation ahead of the US Fed rate decision.
Overall, since January, gold has given 25 per cent returns, year-on-year (YoY), this number is 40 per cent. Further, it has also returned 15 per cent CAGR since 2001, and beaten inflation by more than 2-4 per cent since 1995, data shows. Meanwhile, Silver prices crossed the Rs.1 lakh/kg mark as investors flocked to safe haven commodities to secure their portfolios.
According to Rishabh Nahar, Partner and Fund Manager at Qode Advisors, maintining 5-10 per cent allocation in gold is adviced. "This posit...
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