Investors should use correction to build allocation to gold: Experts

Topics Gold  | Gold Prices | Gold Funds

Gold has lost some of its shine in recent days. Its spot price stood at Rs 46,360 per 10 grams on Tuesday — down Rs 9,541, or 17.1 per cent, from the high of Rs 55,901 per 10 gram reached on August 7, 2020.   Losing lustre   A rise in US treasury yields has sent the yellow metal tumbling. Gold has a negative correlation with real interest rates. Low or negative real interest rates are positive for gold by reducing the attractiveness of holding bonds.     The strengthening of the dollar against major currencies recently is another reaso.....

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