Gold Plummets on Budget Day: What Should Investors Do Amidst Sharp Decline?

• Gold Futures on MCX fell by Rs 9,653 (6.45%) to Rs 1,40,000 per 10 grams on February 1.
• Gold has seen an 18-19% decline over two sessions (January 30 and February 1), impacting Gold ETFs.
• Experts attribute the fall to profit booking after record highs and a strengthening US dollar due to anticipated tighter monetary policy under the new Federal Reserve chairman.
• Investors are advised not to panic; the long-term outlook for gold remains positive.
• The current dip is seen as a buying opportunity for investors with less than 5-10% gold in their portfolio, aiding diversification.

Why It Matters: Gold's recent dip is a buying opportunity for diversification, as experts predict no further significant fall.