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The Market Podcast | 2020 predictions: 11,000 is the best that Nifty can do; gold likely to outperform Sensex

The first half of 2020 was nothing less than a roller coaster ride for investors, and second half unlikely to be any different but what could shine or continue to shine would be Gold.

June 26, 2020 / 05:07 PM IST

The first half of 2020 was nothing less than a roller coaster ride for investors, and second half unlikely to be any different but what could shine or continue to shine would be Gold, Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities said in ‘The Market Podcast’ with Moneycontrol.

Gold could outperform equities in 2020 because of these 5 reasons –

A) We are not comfortable with the valuations of global indices. To that extent, there is a threat of a potential correction in the global markets.
B) Availability of cheap funds or the global liquidity pumped in by central bankers. Some of the central bankers are also adding Gold to their kitty.
C) Uncertainty factors will also help yellow metal in gaining traction. Fears of a second wave of COVID-19 is likely to weigh on markets.
D) US-China trade war dispute
E) Global growth is still hazy.

Oza further added that if all the factors play out then the probability of Gold outperforming equities will be higher.

Gold & Silver Rates Yesterday

Thursday, 28th March, 2024

Gold Rate in Mumbai Yesterday

  • 10g of 24K gold in Mumbai
    65,710
  • 10g of 22K gold in Mumbai
    62,580

Thursday, 28th March, 2024

Silver Rate in Mumbai Yesterday

  • 10g silver in Mumbai
    805
  • 1kg silver in Mumbai
    80,500
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Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Kshitij Anand
Kshitij Anand is the Editor Markets at Moneycontrol.
first published: Jun 26, 2020 05:07 pm

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