As gold goes up and up, consider profit-taking and rebalance portfolio

Rebalance if overweight after recent surge; if underexposed, purchase systematically or during price dips

Gold has witnessed a strong rally, rising 16.1 per cent this calendar year. The yellow metal ended the previous week at Rs 73,110 per 10 grams, having scaled a closing price peak of Rs 73,183 a day earlier. Citi Research has forecast that its price could touch $3,000 per ounce over the next 6 to 18 months from its current level of $2,391.9 per ounce in the international market.
 

Experts believe gold could rally further. “With geopolitical tensions looming, the yellow metal is anticipated to gain further in 

the coming days. Our near-term target is Rs 75,300,” says Vaishali Parekh, vice-president,