Akshya Tritiya is considered an auspicious day for buying gold, silver and other metals. Sales are expected to rise as there is a "positive" buying sentiment this year with gold prices ruling stable at around 26,000 per 10 grams.
In an interview with Ajeet Kumar of Zee Media Corp Ltd, Vandana Bharti, AVP, Commodity fundamental research, SMC COMTRADE LTD, shares her views on whether to buy gold or not, and how gold prices will pan out in the near to medium term.
Gold prices on Wednesday rallied to a record
high of 1,094.40 dollar an ounce in overseas markets on
aggressive buying by traders, who are speculating that more
countries would shore up their bullion reserves like India.