Special weekend podcast: Why it’s a good time to buy gold, silver

Hi there

This is Nishant Kumar from ETMarkets.com and it is a special podcast on the outlook of gold and silver.



Both precious metals including gold and silver have been underperforming domestic equity markets for the past several years now.

Gold has jumped nearly 7 per cent in the past two years to Rs 30,544 per 10 gram on February 15. On the other hand, silver has advanced 5 per cent to Rs 38,650 per 1 kg during the same period.

Investors have pulled out Rs 110 crore from gold exchange-traded funds in January, taking the total outflow to Rs 679 crore in the first 10 months of the current fiscal, mainly on account of poor returns.

The yellow metal has been hogging limelight on account weak dollar index. The US dollar plunged against the yen to hit a 15-month low in Asian trade this week.

The Union Budget included policies designed to boost rural incomes. According to World Gold Council, better gold policies combined with rising incomes could bode well for India’s gold industry.

We have Kunal Shah, Head of Commodities & Currency Research, Nirmal Bang Commodities with us to share his insight on bullion counter.

Byte: Kunal Shah

That’s all for today. Do come back for our special weekend podcast next Saturday and check out our daily market podcasts every morning and evening only on www.ETmarkets.com.