“Risk comes from not knowing what you are doing.”
— Warren Buffett
This festive season, many would have purchased gold assuming it to be a high-quality asset while the others would have deposited more into their bank’s fixed deposit accounts considering it as the safest way to let your money grow. We don’t mean to spoil the party, but this festive season had a different story to tell – like all evil, it is time a few myths are busted!
Gold rates fell by INR.150 to INR.32,250 per 10 grams, extending losses for three days in a row and the steepest decline since August 2017.