Gold and Silver Investment Insights from Sachin Kothari

Summary:
Sachin Kothari, director of Augmont – Gold For All, predicts that gold prices may stabilize or face pressure for the next one to two months due to weakening fundamentals and technical factors, potentially dropping to around ₹70,000. However, he maintains a positive long-term outlook for gold, expecting a new record high in the last quarter of 2024 amidst US election-induced volatility. For a balanced investment portfolio, he recommends allocating 10-15% to gold and 5-10% to silver.
Gold’s significant rise earlier in 2024 was driven by geopolitical tensions, high central bank purchases, inflation concerns, and expected global monetary easing. Currently, prices have stabilized with a few negative triggers, such as the Federal Reserve’s dovish stance.
Kothari advises diversification, suggesting investments in physical gold, digital gold, gold ETFs, and sovereign gold bonds based on investment horizons. He emphasizes the importance of commodities for portfolio diversification and risk management, recommending a 15-20% allocation to gold and silver.
Gen Z’s preference for online transactions has boosted digital gold’s popularity. Augmont differentiates itself by sourcing gold directly from its refinery, offering competitive pricing, and ensuring authenticity. They also partner with financial institutions and focus on customer education.
Kothari acknowledges persistent US inflation and evolving monetary policies, which have already influenced current gold prices. He advises consulting certified experts before making investment decisions.