Hold Your Gold, But Don’t Expect Big Returns, Here's Why | Daljeet Singh Kohli

Market veteran Daljeet Singh Kohli says gold’s movement isn’t driven by fundamentals - it’s ruled by sentiment, inflation, and central bank policies. Unlike equities, gold has no measurable intrinsic value, making it a hedge against uncertainty rather than a growth asset. Kohli believes global instability and inflation concerns will keep gold steady in the near term, but warns new investors to moderate their expectations. “If you entered at ₹100, fine. But at ₹150, don’t expect the same returns,” he says. His advice: hold if you already own, but avoid chasing fresh highs. Gold, he adds, will stay relevant—but not rewarding in the short run.