Gold will bounce back & may give 10-15% returns: Experts
Kolkata | Mumbai: International gold prices have lost almost all their gains this year, trailing even weak stock markets, but experts say the precious metal is poised to bounce back in the medium to long term even if it loses more luster in the short term.
Global prices of the metal had plunged to $1,547.99 per ounce, the lowest in 2012, amid concerns over the financial turmoil in Euro zone, but have inched back to $1,560 after positive data about the German economy and demand from southeast Asia and India.
Unlike gold, the stock market is up 5.6% in 2012 despite heavy losses since mid-February.
For India, the decline in gold prices was offset by the rupee’s depreciation. But many analysts and traders expect the











