Gold is perceived to be an asset class which is dependable, acts as a hedge to the portfolio and whose value appreciates steadily over time to give the investor decent stable returns. This was supported by the historical data- Gold prices per 10 gms steadily rose from Rs. 1800 in 1981, Rs. 2500 in 1984, Rs. 3200 in 1990, Rs. 5000 in 1996, Rs.7000 in 2005, Rs. 12000 in 2008, Rs, 18000 in 2010, and Rs 26000 in 2011 before touching an all time high of over Rs. 32000 in November 2012.