
The precious metal has been under pressure since the start of this year amid hopes of faster global economic recovery and rising US bond yields

One must wait for some more correction to buy gold as the the rising bond yields may continue to cap upside: Expert

The demand for the yellow metal therefore may remain elevated as it considered a hedge against inflation and currency debasement, expert said.

Rising bond yield and recovery in economies seem to be affecting gold and silver demand, said Anuj Gupta, Deputy Vice- President, Commodity and Curren

In the previous trade, it had closed at Rs 45,807 per 10 gram

Currently, gold is hovering near the Rs 46,000-mark, down Rs 10,000 from the August 2020 peak

For short term, one may seen some profit booking and gold may test Rs 45,000-44,000 levels, said experts.

Traders can go for buy in gold at Rs 47,300 levels with the stoploss of Rs 47,000 levels and for the target of Rs 48,000 levels: Anuj Gupta, Angel com

The finance minister Nirmala Sitharaman reduced customs duty on gold and silver from 12.5% to 7.5%. She noted that Gold and silver presently attract a