Lately, gold prices have seen a correction - the metal has fallen almost 30 per cent from its all-time high of $1921 in September 2011.
In India, the price stands at Rs 28475/10g, down from the high of Rs 32500/10g recorded in November 2012.
While gold prices fell substantially globally, in rupee terms, the fall stood at 20 per cent, as the rupee depreciated by about 10 per cent against the dollar since January.
Still, gold has been on the rebound globally, standing at more than 10 per cent higher than the low of $1200 in June.
This poses an important question - should investors buy gold now?
Text: Priya Nair, Business Standard