Gold price inches close to ₹53,000. Should you buy, sell or hold?
Gold price today: Continuing supply constraints, super-sized inflation and geopolitics have created a big cloud of uncertainty, and are burnishing gold’s safe-haven appeal, believe commodity market experts
Gold price today: On account of floundering peace efforts in Russia-Ukraine war and US inflation climbing to fresh 40 years high, Multi Commodity Exchange (MCX) gold rate for June 2022 future contract tested ₹53,000 per 10 gm levels on Friday. However, the yellow metal price failed to sustain above this psychological level and closed at ₹52,991 per 10 gm mark on Friday. Spot gold price closed at $1974 per ounce levels, giving breakout at $1970 levels on closing basis.
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