Tapan Patel, Senior Analyst Commodities HDFC Securities speaks to Sakshi Batra to share an outlook on gold prices and key investment strategies.
Gold price today: The white metal was down in today’s early trade and came down to Rs 60,000/kg levels once again.
Gold price today: Traders are advised to create fresh buy positions in gold, said said Amit Khare, AVP- research commodities, Ganganagar Commodities.
Eastern India highlighted the importance of hallmark certification and offers or discounts at 71% and 50% respectively
Gold price today: Gold and silver both showed positive movement in early trading sessions, said Amit Khare, Ganganagar Commodities Limited.
Gold price today: Gold prices built some speculative interest and opened moderately high amid selloff in global equity markets.
Gold price today: The price of 22-carat gold was down by Rs 136 and reached Rs 42,305/10 gm on September 20.
An improvement in US data is likely to drive down gold prices even more and help in festive purchases of precious metal.
According to IBJA data, gold price has fallen by almost Rs 1,100/10 gm and silver price by Rs 2,000/kg in the past two days.
Amid the Covid-19 pandemic, demand for gold loans zoomed as households increased pledging of their gold holdings, mostly jewellery.