Market expert Ajay Srivastava on Wednesday dismissed concerns of missing out on gold's recent rally, urging investors to view the yellow metal as a core part of their long-term portfolios. Speaking to Business Today , Srivastava said, "Everybody who didn't buy gold can call it FOMO (Fear of Missing Out) today. But I still believe that in the long run, gold remains an intrinsic asset class in any portfolio." Advertisement

He argued that the concept of FOMO is often driven by emotion rather than rational investment thinking. "This is just an emotional outburst from analysts who lost out on gold this year. Ignore it -- buy gold, keep it. Diwali is the right time to invest and over the years, it will give you fantastic returns. Equity doesn't deliver returns every year either," he added.

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