Gold disappoints in 2021, but rising inflation may bring back demand

Kolkata: Gold, one of the top performing asset in 2020, has fallen 20 per cent since August last, disappointing investors, though fund houses and experts said that given the monetary stimulus globally, inflation is likely to edge higher on account of higher agri and commodity prices and the yellow metal will act as a hedge against inflation. In the spot market, gold prices fell from Rs 45,509 per 10 gm on Tuesday to Rs 45,412 on Wednesday. On