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Following a sharp rally, the gold market appears to have entered a period of consolidation. Gold prices have slipped Rs 11,600, nearly 8.56% down from its life time high. The gold prices in India today stand at Rs 121,360 on Tuesday.

Despite the sell off, leading brokerages like Goldman Sachs, UBS and others have not changed their stance on the significant upside in the long term. Now, this raises the question for investors, whether now is the time to 'buy the dip.' Discussing exposure to gold, financial planners caution against rushing in, suggesting that the current valuation still poses a risk for near-term returns.

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