Gold Price Outlook: Yellow metal may hit Rs 68,000 in FY24; remain invested

Gold’s robust outlook is set to continue in FY24 due to fears of global economic slowdown and high inflation. Analysts predict returns of 10-15% in the base case scenario and 15-20% in the bull case scenario, with gold potentially testing levels between Rs 64,500 and Rs 66,800 in the domestic market. The yellow metal has been a proven hedge in the current environment of global inflation and slow recovery, outsmarting other asset classes in FY23 with returns of 15%.

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