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Gold prices off Rs 4,000 from all-time high; should you invest? Here’s what will fuel demand

Gold prices have been trading volatile in domestic markets after hitting a new all-time high of Rs 56,191 per 10 gram on August 7. Similarly, silver prices too fell sharply from a record high of Rs 77,949 per kg. In less than a month, yellow metal prices tumbled to below Rs 50,000 per 10 grams, Tapan Patel, Senior Analyst (Commodities), HDFC Securities said that the gold prices have experienced many corrections. In an interview with Surbhi Jain of Financial Express Online, he iterated that as the fundamentals of the gold look bullish, investors who want to invest in the yellow …

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