Adani Enterp. 1803.00↓-39.90(-2.17%)
Adani Ports 661.60↓-4.50(-0.68%)
Apollo Hospitals 4361.30↑12.90(0.30%)
Asian Paints 2882.10↑38.25(1.35%)
Axis Bank 864.20↓-4.55(-0.52%)
B P C L 346.20↑2.50(0.73%)
Bajaj Auto 4308.30↓-6.05(-0.14%)
Bajaj Finance 5937.90↑25.20(0.43%)
Bajaj Finserv 1317.90↓-14.20(-1.07%)
Bharti Airtel 765.20↓-7.10(-0.92%)
Britannia Inds. 4327.80↑71.40(1.68%)
Cipla 915.05↑11.05(1.22%)
Coal India 230.05↑0.50(0.22%)
Divi's Lab. 3231.65↑28.55(0.89%)
Dr Reddy's Labs 4868.75↑10.55(0.22%)
Eicher Motors 3200.70↓-46.25(-1.42%)
Grasim Inds 1661.95↓-25.50(-1.51%)
H D F C 2759.40↑16.40(0.60%)
HCL Technologies 1048.95↑11.45(1.10%)
HDFC Bank 1674.60↑2.70(0.16%)
HDFC Life Insur. 513.30↓-16.95(-3.20%)
Hero Motocorp 2459.35↑10.80(0.44%)
Hind. Unilever 2497.95↑5.35(0.21%)
Hindalco Inds. 422.35↓-7.50(-1.74%)
ICICI Bank 885.65↓-8.75(-0.98%)
IndusInd Bank 1116.35↓-9.85(-0.87%)
Infosys 1227.35↑3.95(0.32%)
ITC 408.25↑7.95(1.99%)
JSW Steel 710.65↓-5.15(-0.72%)
Kotak Mah. Bank 1893.65↑9.65(0.51%)
Larsen & Toubro 2215.20↓-17.55(-0.79%)
M & M 1212.75↓-5.85(-0.48%)
Maruti Suzuki 8558.45↓-156.20(-1.79%)
Nestle India 20496.85↑23.75(0.12%)
NTPC 169.70↓0.00(0.00%)
O N G C 159.60↑0.45(0.28%)
Power Grid Corpn 231.55↑0.65(0.28%)
Reliance Industr 2349.00↑2.95(0.13%)
SBI Life Insuran 1106.55↓-22.30(-1.98%)
St Bk of India 543.15↓-1.65(-0.30%)
Sun Pharma.Inds. 989.45↑1.70(0.17%)
Tata Consumer 700.40↓-3.00(-0.43%)
Tata Motors 471.20↓-5.60(-1.17%)
Tata Steel 106.15↓-1.85(-1.71%)
TCS 3160.85↑56.05(1.81%)
Tech Mahindra 998.75↓-23.05(-2.26%)
Titan Company 2568.30↓-10.95(-0.42%)
UltraTech Cem. 7358.50↓-117.30(-1.57%)
UPL 734.70↑2.65(0.36%)
Wipro 368.05↑5.20(1.43%)

Up nearly 10% in 2023, Fed policy pivot may provide fresh impetus to gold

Elevated interest rates in United States for a prolonged period will, on the other hand, cap the upside

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Investors could opt for options like sovereign gold bonds (SGBs) or exchange-traded funds (ETFs) and funds to invest in gold

4 min read Last Updated : Apr 21 2023 | 10:09 PM IST

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Gold is up 9.7 per cent year-to-date (YTD). An investor who bought gold on Akshaya Tritiya last year would have seen the value of his investment shoot up by 14.6 per cent. The question investors need to ask themselves is whether they should make a substantial investment in the yellow metal this Akshaya Tritiya, or go for a token purchase only after such a strong run up.

Positive drivers: Banking crisis, slowdown

Despite the strong run up over the past year, gold may continue to perform in the current environment of uncertainty. The recent crisis among regional banks in the United States (US) sent jitters through the financial system. “This crisis made the economic impact of higher interest rates apparent. More damage to the financial system could possibly be revealed in the near future,” says Ghazal Jain, fund manager, alternate investments, Quantum Asset Management Company.