New Delhi. If you are thinking of buying gold then there is good news for you. Actually, the price of gold is currently at its lowest level in six years. The price of gold on the Multi Commodity Exchange ie MCX is currently hovering around Rs 48,000, which is Rs 8,000 below its all-time high of Rs 56,200 per 10 grams.
Market experts are giving buying advice
Commodity market experts say that at this time gold prices are showing below its all-time high by Rs 8000 and whenever gold goes below $ 1800 per ounce, then we see buying in it. . Even in the volatile trading phase of the last fortnight, there was a strong jump in the price of gold after profit-booking in the range of $ 1820-1835.
Gold prices are being decided by the spot market
Market experts say that the trend of gold prices is currently being decided by the spot market. Experts say that the spot market is showing signs of trading with sideways but positive trend of gold. Market experts say that investors should adopt the strategy of buying in the fall at this time.
Gold will soon cross Rs 49 thousand
Experts say that the price of gold on the Multi Commodity Exchange is seen above Rs 48,000 per 10 grams. It has support above 47,500. The range of 47,800-47,900 is the best range for short term traders to buy gold. Gold may soon go up to Rs 49,300-49,500 per gram.
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