Jewelry Buyers Need Not Fear Price Fall In Future

Prithviraj Kothari, Managing Director of Riddhi Siddhi Bullions Limited (RSBL), a leading Indian bullion conglomerate, expressed his views at length on queries posed by Yagnesh Kansara   Why are Gold and Silver prices on rise, both internationally and domestically? History is repeating itself. Gold is testing new highs at it did at the time of the Global Financial Crisis  and thus proving its role as a defensive tool. Governments are running big deficits and central banks are printing more money. It is generating inflation which is helping to drive the bullion price higher. The Federal Reserve in the US is not likely to normalize rates or end quantitative easing or shrink its balance sheet. Inflation is likely to grow.   Many believe it is not sensible to buy at this high level. Your take? Going long on gold is the second most preferred strategy of global fund managers. A...