Atul Suri of Marathon Trends believes that long-term investors have no reason to exit their gold positions, although he cautioned that the recent parabolic surge is unlikely to be sustained.

"When the whole crowd is onto it, a correction could be coming," he said in an interaction with CNBC-TV18 during the Mahurat Trading Session on Tuesday, October 21.

Ramesh Damani offered a broader perspective, suggesting that over the long term, equities tend to outperform gold. "In dollar terms, gold returns about 3-4% a year, while equities return 9-10%."

Damani added that while gold may appeal to traders or speculators, for investors, the next 5-10 years in equities are likely to be more rewarding.

Gold, he said, is mainly suitable for those who are fearful of market volatility.

Gold prices sli

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