The auto sector is among the best performers in 2023. The Nifty Auto index has rallied by 24% YTD. Initially, we had a skeptical view regarding the sector’s outlook due to fading pent- up demand and high vehicle costs.
The recent hawkish comments from the US Fed chairman let the gold investors take a cautious approach, pulling down prices to near $1800 an ounce this week.
Gold plays an important role in the Indian economy. It is considered a safe form of savings and investment among individuals, and it is an integral part of traditional ceremonies.
