This comes after a steep rally in recent months, which pushed 24-carat gold to ₹98,500 per 10 grams (excluding 3% GST) in Delhi.
out and has the potential to correct by 12–15% in dollar terms over the next two months,” the fund house stated.
However, it maintained a constructive view on gold over the medium and long term.
Quant Mutual Fund advised investors to retain meaningful exposure to precious metals in their portfolios.
“We reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” it said.
Despite the near-term bearish view, the fund sees gold as a strategic asset in diversified portfolios—especially amid persistent global economic risks.
Quant’s view reflects a broader theme of embracing asset diversification in a volatile market.
Top-performing Gold ETFs
Gold mutual funds have delivered decent returns in recent periods, riding on high bullion prices and risk-averse sentiment.
- UTI Gold ETF tops the 1-year chart with a 35.39% return.
- LIC MF Gold ETF follows, leading over a 3-year horizon with 23.66% gains.
- Tata Gold ETF, LIC, and UTI ETFs have all performed well over 1- and 6-month periods.
Bitcoin, crude also in focus
Quant also commented on Bitcoin’s trajectory. While global liquidity tightening may pressure crypto assets in the short run, the fund remains optimistic over the medium to long term.
“High-risk appetite from youngsters is essential for sustained rallies in crypto,” it said.
On crude oil, the fund noted that June is typically a bullish month. It expects a 10–12% rise in prices if emerging market stress intensifies.
First Published: Jun 5, 2025 1:32 PM IST