For gold and silver investors this has been one of those weeks when you just wanted to bury your head in the sand, weep, then re-emerge in six months time. Many of the most unemotional traders I know have been wailing like bereaved heroines from a Greek tragedy, while others have been seen approaching strangers in the street and asking them for a hug.

"There is a shortage of the yellow metal in the bullion banks and traders. This is due to unexpected demand from the public. During the past three months, buying activity was bleak. However, this is only a correction and this will stabilise soon. But there will be no price rise further, as it is only momentary,” World Gold Council (WGC) vice-president K Shivram told ‘TOI.’