Is it a good time to buy gold? Here is all you need to know
Is it a good time to buy gold? Here is all you need to know
Gold futures touched Rs 48,000 per 10 grams, according to data on the Multi Commodity Exchange (MCX). Analysts remain bullish on gold prices and expect the price of the yellow metal to rise due to favourable macroeconomic conditions.
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Gold prices are on the rise in India during the second Covid-19 wave. (Photo: Reuters)
The price of domestic gold is rising amid the ongoing second wave of Covid-19. The current trend is in sharp contrast to the situation seen at the beginning of the year when gold was under pressure due to a strong US dollar and surging US bond yields.