24 hrs GOLD Spot Price

   

GOLD

Gold as an asset class has shown its mettle in the last one year. Especially in the past six months when the equity markets have been on a downslide, this yellow metal has continued to move northwards. And the numbers are there for all to see.
Since January, when the equities market started tumbling on the back of a US recessionary fears, gold exchange-traded funds (ETFs) returned 20-30 per cent between January and March.
Though returns were subdued in May (6.5 per cent), it still performed better than equities. And on the sheer price front, in the last one year, gold prices have moved from Rs 8,745 per 10 gram to Rs 12,235, a rise by Rs 3,490 in twelve months (June 1, 2007 to June 6, 2008).
Yes, it does seem that gold is the instrument, where one should be in right now, but the big question is that is it the right time to enter? The experts are divided in this. While some feel that buying gold after a month would help enter at lower levels, others believe the northward journey will continue because of developments in the US and Europe in the last two days.