If you are one of the 7th Pay Commission salary hike beneficiaries and also one who likes to invest in gold, there will be a strong urge to invest the money in form of arrears and monthly payouts in the precious metal. The question that you would have to ask yourself is whether it would be wise to invest in gold at this point and if so, how much would be a good gold holding in your portfolio? Gold has seen a major rise in price this year and has closed at Rs 30915 per 10 grams on July 27, 2016, according to the India Bullion and Jewellers Association quotes. At the beginning of the year, the yellow metal was at around Rs 25,000 per 10 grams. Thus, the gain this year has been nearly 24 per cent year to date. Personal finance experts are advising caution in buying gold despite the fact that there may be some upside left from here on due to continuing global uncertainties. They say that the maximum holding in the portfolio should be limited to 8-10 per cent. \u201cGold could be looking attractive now since it has zoomed lately. But please remember the old adage \u2013 \u2018Gold zooms when the world is doomed\u2019. Due to large uncertainties associated with global economy, financial markets have been very volatile lately. Hence the rush to perceived safe havens like gold. But these very uncertainties and rush times have also made gold very volatile! We do not advocate more than 5-10% allocation to Gold at any time and this is true of bulk investments as also monthly ones,\u201d Sanjeev Govila, CEO, Hum Fauji Initiative said. Anil Rego, founder and CEO, Right Horizons, agrees. \u201cGold holding in one's portfolio should ideally be between 5-8 per cent. Those who get the 7th Pay Commission salary hike and arrears should be cautious not to breach these levels as it could create volatility in their portfolio,\u201d Rego told FeMoney. Investors, in general, have been cautious at these levels of gold. The recently conclude offering of the 4th tranche of Sovereign Gold Bonds issued by the government appears to have evoked lukewarm response. According to NSE figures, there were barely 8,000 applications for 341 kgs of gold amounting to Rs 106 crore. The issue at Rs 3,119 per gram of gold (or Rs 31,190 per 10 grams). The first three tranches had resulted in applications worth Rs 1,418 crore.