But should you buy gold, sell gold, or hold gold right now? In this week’s episode of TOI Wallet Talks, Navneet Damani, Senior Vice President – Commodity Research at Motilal Oswal Financial Services, talks about his outlook on gold and why it may not be may not be the best time to buy gold.
The price of gold hits a new high today, but is the price of silver a better investment bet? Expert perspective
Damani also talks about other investment options like stocks, money and bank FDs. “We’ve been highly bullish on silver for a while now and I think Chinese demand is just starting to heat up for silver. Also, to give a comparative figure, India imported around 9,400-9,500 tonnes of silver last year in 2022, while the global production is around 25,000 tonnes,” he says.
However, if gold is your investment bet, watch this video to know which is the best avenue: gold ETFs, sovereign gold bonds, bullion or gold jewelry. “Gold ETFs are one of the most popular options, but gold ETFs have underperformed gold prices in the physical market or on exchanges, largely due to changes in interest rates that we have seen over the past few years,” notes Damani.
Watch the weekly episode of TOI Wallet Talks to have some of your most important personal finance questions explained in simple terms by experts. From gold to fixed deposits, mutual funds, tax planning and tax filing, the TOI Wallet Talks show offers insightful opinions on all.