Gold Price Today 16-03-2021: The precious yellow metal rate rose Rs 160 per 10 gm at MCX (Multi Commodity Exchange) today morning and hit Rs 44,910. The bullions experts are of the opinion that gold has strong support at $1650 per ounce in the international market and at the same time it is facing stiff resistance at $1720 to $1730 per ounce levels. At MCX they advised that gold price is facing resistance at Rs 45,600 per 10 gm levels. Once, the yellow metal manages to break this level, there can be fresh momentum we can witness in the yellow metal rates.
Speaking on the gold price outlook in the long-term Amit Sajeja, Vice President Research at Motilal Oswal said, In the international market, gold price has strong support at $1,650 per ounce levels. I would advise gold investors to take positional calls when the gold price breaks $1,750 per ounce resistance and sustains above $1,760 per ounce levels. Till then buy on dips is the strategy when gold price falls around $1,660-7
Updated Feb 23, 2021 | 15:55 IST
Replying to American stockbroker and cryptocurrency critic Peter Schiff, Elon Musk said prices of Ethereum and Bitcoin seem high after which Bitcoin witnessed a sharp sell-off Tesla CEO Elon Musk | Photo Credit: PTI
Key Highlights
Tesla stock witnessed its biggest single-day decline since September 2020 on Monday
Tesla earlier in February announced it holds $1.5 billion worth of Bitcoin in an SEC filing, adding, it will accept the digital currency to sell its products in future
Amazon’s Jeff Bezos regained number 1 spot on Bloomberg Billionaire Index with a net worth of $186 billion topping Musk’s $183 billion fortune
| UPDATED: 10:49, Sat, Feb 13, 2021
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