Gold has turned into a more bankable asset and its prices going up as several American banks are going down, say experts.On Monday, the yellow metal shone brighter at the markets with gold at the MCX crossing the Rs 60,000 mark."Gold prices have risen almost 7-8 per cent in the past month. The rally in the yellow metal is primarily due to the banking crisis in the west. The liquidity infused by the central banks and the expectations of lower to no rate hikes is pushing gold prices up. Gold is a safe haven, historically it has gained in periods of uncertainty," Colin Shah, MD, Kama Jewelry, said.
