Gold investment

This refers to ‘The golden trade is not yet crowded’ (April 19). The article makes several sophisticated points that differentiate the “dip” from a “crash”. Comparing them via ratios is effective because it highlights extremes.

However, a note of caution may be warranted when comparing gold with equities. The two differ fundamentally in nature — equities are linked to earnings and growth, while gold largely serves as a store of value and a hedge in uncertain times. Their price movements are driven by distinct factors, and the relationship between them is neither stable nor consistently inverse across cycles.

Hence, direct comparisons or relative valuation approaches may at times lead to oversimplified conclusions. Gold may be better viewed as a complementary asset within a diversified portfolio rather than an alternative to equities.

J Kumar

Srirangam (TN)

A fatal inertia

India is currently a furnace. With mercury levels breaching 45°C, we are witnessing a systemic collapse masked as seasonal weather. This isn’t just a heatwave it’s a preview of an uninhabitable future.

While the vulnerable perish in 40°C+ zones our urban planning remains archaic favouring concrete over canopy. To survive States must mandate Urban Heat Action Plans and no-work zones for outdoor labourers.

Statistically every ₹1 invested in cooling infrastructure saves ₹4 in healthcare costs. We cannot shield ourselves with umbrellas against a climate we’ve set on fire. Unless States pivot to aggressive green infrastructure they aren’t managing weather they are managing a graveyard.

Governments must subsidise high albedo cool roofs, enforce strict reforestation quotas and overhaul power grids to support decentralised renewable cooling for all.

Vijaykumar H K

Raichur

Build consensus

The defeat of the Constitutional amendment on women’s reservation in the Lok Sabha, linked to seat expansion and fresh delimitation after a prolonged freeze, marks a significant moment in Parliamentary democracy.

It underscores the ability of a united Opposition to articulate concerns and influence legislative outcomes.

For the government, this represents an unusual setback. While it may continue to project its commitment to women’s empowerment, the failure to secure passage of its own Bill points to the limits of pursuing major reforms without adequate consultation and consensus-building.

The episode highlights the importance of dialogue and institutional integrity in advancing transformative legislation. It is imperative that future efforts are guided by inclusiveness and respect for democratic processes.

M Jeyaram

Sholavandan (TN)

Published on April 19, 2026