Dhanteras gold demand likely to stay robust amid anticipated bull market
Kolkata, Nov 9 (PTI) A strong appetite for gold on Friday’s Dhanteras is expected this year due to auspicious reasons and geopolitical concerns, continuing the 2022 trend driven by pent-up COVID demand.
Compared to last year's Dhanteras, gold prices have jumped 22 per cent and silver prices by 21 per cent, respectively.
"Gold and silver are good for portfolio diversification, especially in times of geopolitical turbulence. There is an expectation that the US Federal Reserve could start reducing interest rates in the near future, which could lead to a weakening of the dollar and a new bull market for gold,” DSP MF Head of Passive Investments & Products Anil Ghelani told PTI.
