''Gold prices have a long standing history of around 30 years, wherein they have generated positive returns in Indian markets irrespective of the fall witnessed in global markets due to the gradual depreciation of Indian currency and this makes the case strong for investment in gold in Indian markets,'' said, Sugandha Sachdeva, AVP & Incharge, metals, energy & currency research, Religare Securities.
''Considering the current corrective phase as one of the consolidation, recent slide should be treated as a buying opportunity from a longer term perspective. As long as the level of Rs 25,000/10gm is protecting the prices, we might see prices embarking on an upwards journey all over again,'' it added.