Gold Price Today 23-02-2021 – Price fluctuations currently in bullion; Expert recommends a Wait and Watch Strategy zeebiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zeebiz.com Daily Mail and Mail on Sunday newspapers.
Gold price ended with strength on Tuesday. The MCX April Gold Futures were trading around Rs 47,930 per 10 gm at the close, up by almost Rs 91 from the last close on Monday and the trend is expected to remain positive for the day, Expert Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said. Meanwhile, Silver ended with some weakness on Tuesday. It was trading at Rs 69,576 at the close, down by almost Rs 500. What is expected on Wednesday?
Gupta explains what lies ahead for investors on Wednesday and what is supporting Gold and Silver and how inflation will impacts the prices.
The Budget 2021 announcement by Finance Minister Nirmala Sitharaman slashing the import duty on Gold and Silver has started reflecting in the jewellery markets, Expert Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said. He said that impact has been immediate as Gold prices have dropped significantly despite the price in international market holding up. He said that it is the right time to invest in Gold and Silver.Â
Why it is the right time to invest in GoldÂ
The MCX Gold has corrected by almost Rs 1000 or around 3 percent from the time before announcement till now. At 11:20 am, MCX Gold was down by Rs 350 or by 0.7 per cent from the Monday closing price, trading at Rs 48,371 per 10 gm.Â
Gold Price Today:Â After days of weakness in the Delhi bullion markets, Gold and Silver prices were trading with strength on Thursday. Expert Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said the yellow metal is going strong and people wanting to invest in gold and silver can now go ahead and buy. He said that there is a profit-making opportunity and if gold and silver are purchased now, people can earn good returns.
He said that gold price is expected to see an uptick in the near term.
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Gold Price Today: The price of gold is seeing some weakness in the Delhi bullion market on Tuesday, Expert Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said. Gold price will continue to trade with some weakness at least till Budget 2021 is presented on 1 January, he added Get more Personal Finance News and Business News on Zee Business.