Gold prices have surge to $1,500 per troy ounce after six years. Its price in India is also at an all-time high, with October Gold Future crossing Rs 38,000 per 10 gm at MCX. Dharmesh Bhatia, Senior Manager Forex & Commodities Strategy at Emirates NBD, said the yellow metal is seen as a safe haven due to recession fears in the West. He expects gold to rally to Rs 38,500-39,000 in the short to medium-term. He advises investors to buy government gold bonds for guaranteed returns. Here's more.