Global gold rates today at 2-year lows. Should you buy now?

Global gold rates today at 2-year lows.  Should you buy now?

Gold rates today in the spot market have hit a 2-year low of $1,661, breaching its strong support of $1,685 per ounce. Gold price today on Multi Commodity Exchange (MCX) is also down by ₹92 per 10 gm in early morning deals to ₹49,220 levels. According to commodity experts, yellow metal is under pressure after … Read more

Gold price dips after four weeks rally. Is it a buying opportunity?

Gold price dips after four weeks rally.  Is it a buying opportunity?

Following the rebound in the dollar index and US Fed officials remaining committed to raising interest rates, the gold price rally took a break in the week gone by. Ending the four weeks rally, MCX gold rate finished at ₹51.505 per 10 gm levels, logging over 2 per cent weekly loss in the week gone … Read more

Gold price dips over ₹ 1000 this week. Is this correction a buying opportunity?

Gold price dips over ₹ 1000 this week.  Is this correction a buying opportunity?

Gold price today: After witnessing a bumpy ride throughout the week gone by, gold price on Multi Commodity Exchange (MCX) logged 2.20 per cent weekly loss and ended at ₹50,810 mark on Friday. Sharp impulse in dollar index and US Fed’s hawkish stance on interest rate hike amid rising fear of global inflation were among … Read more