Gold price may jump to a new lifetime high, say experts. Should you buy now?5 min read . Updated: 02 Sep 2021, 09:38 AM IST
- Gold price today is most undervalued among the financial asset categories and it may shot up to its lifetime high by end of 2021, say commodity experts
Gold price yesterday at Multi Commodity Exchange (MCX) slid 0.06 per cent and closed at ₹47,090 per 10 gm mark. The yellow metal price edged lower for third straight session as Indian National Rupee (INR) continue to gain strength against the US Dollar (USD). However, if we go by commodity experts' views, the bullion metal is most undervalued among the financial asset categories and it may shoot up to its lifetime high by end of 2021. They said that weakness in US dollar, no sign of increase in interest rates post-Jackson Hole symposium and demand for physical gold due to fast approaching festival season in India, the yellow metal may breach its previous lifetime high of ₹56,191 at MCX.
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