Gold prices: Geopolitical tension in the Middle East boosted gold prices as it gained almost 10 per cent from the recent swing lows and made a multi-month high of Rs 61,500 level
Gold s returns are neary two-fold in comparison to Nifty and Sensex which have delivered returns of 10.34% and 9.31%, respectively, since last Dhanteras which fell on October 22, 2022.
Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart Ltd., said he expects gold prices to move towards Rs 64,000 to Rs 66,000 per ten grams in 2024. However, any dip to the Rs 57,000 – Rs 58,000 levels may be a good `buy’ opportunity.
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