The average price of 10 grams of 22 karat gold was at Rs 80,500. Silver, however, was marginally lower at Rs 99,000 a kg. World Gold Council chief executive officer (CEO) David Tait said gold is an important asset class to have in a portfolio. He said there is an enormous opportunity, not just in India but also in China and Japan, which will help the gold ETF (exchange-traded fund) market to grow. The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. The website advises users to check with certified experts before making any investment decisions. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details. In the U.S. call the National Suicide Prevention Lifeline on 1-800-273-8255 or visit http://www.suicidepreventionlifeline.org/.