Gold is bad too! What is the investor’s Naren to say on the most popular asset class

Gold has emerged as the most discussed wealth class in recent times, attracting investors’ interest globally. However, ICICI Prudential AMC Chief Investment Officer S. Naren has taken care of yellow metal, stating that despite its current popularity, gold is not an attractive investment option at this stage.

In the latest interaction with Ato, Narin pointed out that the increase in questions about gold during investors’ meetings focuses more on property, but he maintained that his price proposal was questionable, especially in view of his current price level. He asserted, “Gold is even worse,” metal is no longer as attractive as two years ago.

Despite its widespread popularity, he indicated that precious metals are currently not an attractive investment option, especially when compared to its more favorable view two years ago.

“Two years ago, for example, gold and silver were very interesting, so we really thought it was very interesting, even no longer looking at this issue of this time.”

Discussing the rise of gold meteorite, Naren commented, “Right now the most popular wealth class is gold. If you go for a meeting, the number of questions we received at gold is incredible at this time.”

On the debt market front, Naran observed that in India, 10-year-old government securities are currently at some lowest interest rates seen in recent years, with strong contrasts with western markets where a 10-year yield is multi-year.

He pointed to the lack of value in Indian debt equipment, he noted, “All over the world, you are the most yield in 10 years.”

Also Read: Gold Price Forecast: This week yellow metal is cheaper than 3,750/10 grams. Fall further?

What should investors do?

The P TE investor suggested a varied approach to investment, advised that it is not time to focus on a single wealth class, but to allocate capital to multiple wealth by maintaining a conical attitude.

“It’s time where you will allocate money in asset categories and do not choose an asset class and at the same time focus on every property on the safe parts of the asset class because the markets are at this time.”

Despite the challenges of property allocation, Narren is optimistic about India’s macroeconomic stability, which illuminates that the country is one of the best structural stories globally, effectively operating its macro fundamentals over the past decade.

(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)