GoalTeller

February 09, 2025 | Read Online

Gold Vs Equities: Source - DSP Netra

Though just to add a word of caution – the data is kind of in retrospect and point to point which means its at this point when Gold is doing very very well so needs to be taken with a pinch of salt.

My view though since the last 3 years is Gold is headed clearly towards 1 lakh (I will re-assess my views post that).

• Gold prices breached 87,000 as global uncertainty keeps rising on how the US will act over the next few months.

• The RBI cut rates by 25bps which unfortunately did not impact markets as was a case of possibly too little too low (However it’s a good reversal of stance post 5 years).

• Monday will see the release of the new Income Tax Law and the Delhi election results that will weigh positively on the markets.

• As we have maintained, one big negative equation which is the domestic macros are addressed by the Tax Exemption + Rate cut which provides confidence on markets in the medium term while in the short-term it will dance to Trump’s Tunes.

• The INR fell to all-time lows at <87.5 last week – The impact of this on inflation would be crucial due to rising import bills.

• Our strategy remains consistent (Keep nibbling into equites between 23k-24.5k levels, stop or be very cautious >24.5k levels and <23k levels one can be aggressive). The next 3-6 months could give good opportunities to deploy.

• We receive many queries about investors wanting to invest in instruments like bill discounting and also sectors that are possibly a fad (Some instances of massive delays in platforms like Falcon and stocks like Waree Tech (down by 80%) keep reaffirming why one should be careful while investing in “ trending” stocks or sectors or themes or investments 😊.