A good portfolio approach is to have 5% to 10% of one’s portfolio always in gold. That is the advice we give to anybody who asks us. However the gold prices have gone up a lot in last few months and some of our friends have asked us if they should buy gold now or should they wait for prices to decline. This post is written for them and for all of you who wonder when is a good time to buy gold.

Let’s first understand how gold prices are determined in India. The gold prices are fixed in USD…

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