Hitesh Jain, Lead Analyst - Institutional Equities, Yes Securities said, “Although gold prices have tumbled recently in the wake of rising sovereign yields, its sustainable rise is under doubt given the fact that governments do not favour higher yields on their accumulated gigantic debt. There is a prevalent divide between markets and central banks, wherein markets are pricing higher inflation and growth, while central banks remain accommodative and dovish. We assume that central banks will eventually rein in the yields with their asset purchases and also help their respective governments in keeping the borrowing costs low.”