Gold rate today, Feb. 4 -- The latest slump in gold prices has created a window of opportunity for investors, especially those who missed the rally initially, as the outlook for precious metals remains firm in the near-to-medium term.

As a rule of thumb, analysts typically advise allocating 5-15% of their portfolio towards gold as it acts as a hedge during times of uncertainty and an effective diversifier. These qualities get reinforced by the 80% surge seen in MCX gold prices in a year, as against an 8% rise in the Nifty 50 index.

Hedge fund manager and founder of Bridgewater Associates, time and again, has reinforced this view that, irrespective of gold price or the rally seen in bullion, investors should allocate 5-15% to the preciou...