Gold price dips. Experts say 'golden opportunity' for buyers price: Commodity experts have advised bullion investors to maintain 'buy on dips' strategy till yellow metal is priced above ₹46,500. They are of the opinion that precious metal may go up to ₹52,500 per 10 gm by Diwali 2021......
Gold price at Multi Commodity Exchange (MCX) dipped ₹108 per 10 gm and closed at ₹47,526 per 10 gm. According to commodity experts, dipping gold price is an opportunity for the yellow metal buyers as overall outlook for gold is still 'bullish.' They said that rising concern of global inflation and rising new cases of Covid-19 in the US, Europe and South East Asia can once again make gold an 'investor's haven.' They advised bullion investors to maintain 'buy on dips' strategy till yellow metal is priced above ₹46,500. They are of the opinion that precious metal may go up to ₹52,500 per 10 gm levels by Diwali 2021.
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