Key Points
As the financial year 2023-24 (April-March) is set to close in a week, gold's returns so far amount to an impressive 11% beating the inflation by nearly twice..
Both gold and silver have outperformed their peers in the international market..
In terms of returns, this is still not the best year for gold as it has delivered superior returns in the last two financial years -- 15.2% in FY2023 and 15.6% in FY2022..
Anuj Gupta, Head Commodity & Currency at HDFC Securities anticipates MCX gold to hit levels of Rs 67,00067,500 over the next twelve months while expecting Comex spot gold prices to hit levels of $2,250-$2,300 levels..
Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares is more optimistic on the prospects of gold in the first half of the year as he sees yellow metal making new all-time highs but for the next financial year, he sees 7-8%..
