Demand expected to grow in 2022 as Covid-related restrictions are eased and pent-up demand is met
"Investors looking for higher returns must buy gold at current levels as we expect further price appreciation," said Anuj Gupta, commodity expert.
On MCX, gold rose 0.24% to over a four-month high of Rs 48,519 per 10 gram as weaker US dollar and growing inflationary pressures continue to support gold prices
Investors are responding to the negative real interest rates by choosing gold over other instruments
The decline in gold imports has helped in narrowing the country's trade deficit to $84.62 billion during the 11-month of the current fiscal, as against $151.37 billion a year ago