Soaring gold prices have again put investors in a fix.
The sharp rise in the commodity has resulted from a weaker dollar, an increase in physical demand and losses in equities.
On August 24, the price of 22-carat gold stood at Rs 3049/g in Chennai, an increase of almost 15% compared to corresponding period last month.
Though selling gold at current levels looks attractive, experts say there might be a further rise in gold prices, and this might be worth the wait.
Text: Yogini Joglekar, Business Standard