Gold surged after India raised import duty from 6% to 15%, pushing up MCX and IBJA rates, influencing gold ETFs and increasing jewellery retailer prices. Experts urge existing investors to avoid panic selling and treat gold as an inflation and global-uncertainty hedge. For new buyers, they recommend staggered purchases rather than investing a lump sum.
Gold and silver ETFs surged on Wednesday, propelled by a softer US dollar and easing inflation worries as oil prices eased. Some silver ETFs climbed as much as 11%, making the move a potential accumulation window for long-term investors. With geopolitical risks and gold’s inflation-hedge appeal still in play, investors are weighing whether the rally is a fresh entry point.
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