Stay with gold as it is in uptrend: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his views on infra stocks.

ET Now: Gold prices are up 5% in last one month and 8% in last 60 days. Do you see a bubble there?

Ashwani Gujral: The way people are debasing currencies, I do not think there is a bubble. It is an extremely strong trend where most investors, traders etc. are gravitating towards. It is much easier to make money on something that consistently goes up rather than trying to trade in 8% to 10% range like the Nifty. So, there is no problem with the bubble as most money is made in great bubbles. Till it keeps going higher, we should see an accelerated uptrend where 80 to 100 point moves on gold can be seen before it tops out like silver. It is best to stay in because that is the only asset class which is consistently going higher no matter what the global or the local situation is.