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For a country which is only second to China in gold consumption and whose citizens have abundant faith in the yellow metal, demand is witnessed in traditionally defined periods such as festivals and marriages.

Given its record of returns, gold is considered as one of the best-performing asset classes.

With gold prices slumping to historic lows, this is an opportune time to build a neat portfolio with solid investment in gold and safeguard oneself against the vagaries associated with other investment options.

Time has come to ditch this age-old dogma.